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Thai SEC expands checks on major shareholder funding

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Thai SEC expands checks on major shareholder funding

Thailand’s Securities and Exchange Commission (SEC) has expanded its major-shareholder approval rules to cover people who provide significant funding to major shareholders of securities and digital asset business operators.

Key facts

Summary

The revised criteria took effect on August 16 after being published in the Royal Gazette. Existing operators have 90 days from that date to review their ownership and funding structures and apply for SEC approval for anyone newly covered by the rules.

The regulator introduced the changes to improve scrutiny of funding sources and shareholding arrangements, identify people who may exercise effective control and reduce risks to investors, the public and the wider capital market.

Read full article at Nation Thailand →