The change will reduce the burden of raising funds for foreign companies and help boost the competitiveness of Thai capital markets, the SEC said.
Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.
The Thai Bankers’ Association has issued guidelines for banks on handling personal data protection in compliance with the Personal Data Protection Act.
The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
SEC chairman Gary Gensler likens DeFi to P2P lending. In 2008, the SEC said promissory notes issued to P2P investors were securities.
The move is expected to increase participation from global investors, facilitate better risk management, and enhance price discovery.
The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.