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SEC prepares guidelines for cross-border investments

The Securities and Exchange Commission (SEC) is coming out with guidelines that will facilitate the offering of collective investment schemes (CIS) across member jurisdictions of the ASEAN Capital Markets Forum (ACMF) that are signatory to the ASEAN CIS Framework. This is part of the move towards d

Thailand SEC okays listing of SMEs and startups | Asia Asset Management

Bangkok Post newspaper, quoting Ruenvadee Suwanmongkol, secretary-general of the Securities and Exchange Commission of Thailand (SEC). She says the SEC has approved fundraising criteria for small and medium enterprises and startups in both the primary and secondary markets. “The criteria are expected to become effective by the end of this year,” Ruenvadee is quoted as saying in the report on May 24. The criteria include a requirement for SMEs and startups to file half-yearly and annual audited financial statements, instead of quarterly reporting as required of other firms. And investments in the companies will be restricted to high-net-worth investors and experienced investors such as institutions and venture capital.

Philippines joins ASEAN cross-border investing framework

Philippines joins ASEAN cross-border investing framework Philippines Daily Inquirer MANILA, Philippines Philippine investment companies and fund managers can now offer eligible funds to retail investors in Malaysia, Singapore, and Thailand while their counterparts in these neighboring countries can similarly pitch investment products to the local market, boosting cross-border investment flow in the Southeast Asian region. This as the Securities and Exchange Commission (SEC) became the newest signatory to the Association of Southeast Asian Nations (ASEAN) Collective Investment Schemes (CIS) Framework, an initiative under the regional capital markets integration plan endorsed by the ASEAN Finance Ministers in 2009 to facilitate cross-border product access and fund distribution for investors and issuers, respectively.

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