Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
January 17, 2023Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
January 16, 2023Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.
January 3, 2023The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.
January 2, 2023The Ministry of Finance has proposed to defer a professional-investor-only requirement, and delay a requirement for large issuers to have a credit rating.
December 22, 2022Directive calls on banks, insurers and PE firms to provide services and investment to innovative companies in Shanghai, Nanjing, Hangzhou, Hefei and Jiaxing.
November 27, 2022The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company's risk level.
November 14, 2022Fund products receiving private pension investment must have "safe" and "stable" operations and focus on long-term value preservation.
November 7, 2022Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.
November 3, 2022The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.
October 29, 2022