วันอังคาร, 06 สิงหาคม 2562 10:55
SEC approved Social Enterprise sell shares to public.
2-1-8-2019 - The SEC Board of Directors has appointed 6 directors of the Stock Exchange of Thailand together with the approval of the principle of promoting enterprise for society to be able to raise funds by offering shares to the public.
And approved the guidelines for overseeing the bond market to protect investors Including the approval of the SEC's operational plan that is in line with the government's main development policy
Ms. Ruenwadee Secretary-General Securities and Exchange Commission (SEC) revealed that At the SEC Committee meeting on 1 August 2019, the SEC Board of Directors resolved to appoint 6 Stock Exchange of Thailand directors, namely (1) Mr. Kitipong (2) Mr. Charamporn (3) Mr. Chaiwat (4) Nang Worawan (5) Mr. Seri and (6) Miss Sopawadee
In order for the Board of Directors of the Stock Exchange of Thailand to be in accordance with the additional amendments in accordance with the Securities and Exchange Act (Issue 6) B.E.2562 The appointment will have a term of 3 years. Since August 5, 2019, which is the date that the appointment has
In accordance with the Securities Act (No. 6) (Section 39), when the Stock Exchange Commission follows this new component, serves 1 year and 6 months to the Securities Exchange Commission, both as appointed by the SEC And at the members of the stock exchange election Free from half position by lottery method And shall be deemed to be retired by rotation
In this meeting The SEC Committee has agreed in principle to allow the public offering of social enterprise shares to be general or broad-based. As well as 77 public companies that have been exempted Which encourages such businesses to raise funds For use in the development of communities, society and the environment which are beneficial to society
With the Social Enterprise Promotion Act 2019 (Social Enterprise Act) effective on May 23, 2019. Therefore, in order to support the funding of businesses that are registered as social enterprises Which is a business that aims to promote employment Solving the development of community, society, environment or use for other benefits Or return benefits to society By taking profits at least 70% used for such social purposes And dividing the profits for shareholders not more than 30% of all profits. The SEC therefore has guidelines to exclude the offering of shares for social enterprises can be done. The SEC will propose such exclusion guidelines to the Capital Market Supervisory Board for further consideration. As of June 2019, entrepreneurs who have been registered as social enterprises There are 29 companies in addition to Pracha Ratana Company
Ms. Ruenwadee said that the SEC Board has approved the guidelines for overseeing the bond market by increasing the efficiency of supervision. And reduce the fragile points in the ecosystem Taking into account the ability to develop the bond market to be another important funding channel for driving the economy. In the past 8 years, the private debt market has grown nearly 3 times, but there are still some issues that the SEC needs Increase supervision such as
Adjust the type of investors who will have access to limited sales channels of no more than 10 persons in order to prevent being used as the main channel for selling risk instruments to investors. Add follow-up followers Especially instruments with financial risk Will specify the risk description, ability to pay the debt Including the intermediary to sell debt instruments, take precautions to perform duties
Supervise to raise the quality of all relevant middleware systems so that the information that investors receive is correct, adequate, understandable. Increase the quality of information for decision making By adjusting the prospectus, summary of important information of debt instruments (factsheet) and push to have tools (tool / application) that is easy to understand Can compare instrument data
Increase the management mechanism when the default payment is made, such as setting a clear time for the issuer And the securities registrar must report the default payment Considering guidelines for educating investors in maintaining rights Prosecute for damages Including litigation
The SEC will consider the impact that may occur by providing a list of opinions that are relevant to each other and provide time for adjustment.
In addition, the SEC Board has approved the guidelines of the SEC office that are in line with the 12-key policy statement of the Cabinet. Which aims to develop Thailand to move forward with stability People have a better quality of life. Including the Thai economy being stronger and more competitive Along with caring for natural resources and the environment
There are six main operational guidelines of SEC ;
1) Promote access to capital of all business levels, such as infrastructure Small and medium business operators Community and social enterprises etc.
2) Savings reform and long-term investment support To meet the society's longevity
3) Reforms support the digital economy By using technology to help access financial services confidently
4) Capital Market for Sustainability By using the capital market mechanism to support the country to achieve sustainable development goals according to the United Nations
5) The ability to compete in the international arena So that the Thai capital market can attract long-term investments from investors around the world and
6) Investor protection And law enforcement To make people more confident in the capital market The Office will use the above guidelines to set a framework for organizing concrete strategies and operational plans.