SHIFT IN SEC RULE
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Securities and Exchange Commission (SEC) announced to shift its paid-up capital rule for securities and futures businesses from types of licences to business risk or types of service users for their proper risks and competitiveness.
Rapee Sucharitakul, SEC secretary-general, said that the move will come into effect on December 1, 2017 onwards.
Under the new rule, businesses which keep customers' assets into custody, mutual fund management and private fund management are required to have a minimum paid-up capital of Bt25 million, while those which involve settlement system.
