Regulatory Alerts1999-01-01 | act-sea1999-no2.pdfSecurities and Exchange Act (No. 2) B.E. 2542 (1999)
King Bhumibol Adulyadej enacted this amendment to the Thai Securities and Exchange Act B.E. 2535 to update regulatory frameworks for private fund management and securities companies. The legislation redefines private fund management, mandates strict capital requirements for specific securities business categories, and establishes comprehensive rules for fiduciary duties, asset segregation, and auditing standards. It also introduces enhanced penalties, including fines and imprisonment for directors and managers, for violations of these new provisions.
Share