SEC to ease rules on foreign investment in line with BOT regulations
The Securities and Exchange Commission (SEC) has said it will improve regulations, so local investors have the opportunity to investing overseas.
The Bank of Thailand (BOT) recently eased regulations on investing in foreign securities by increasing investment limits and expanding financial products, among others. The move aims to offer more investment opportunities to the public and help them diversify their portfolios.
SEC secretary-general Ruenvadee Suwanmongkol said based on the Foreign Investment Allotment System, the commission will allow investors to seek credit for investment from BOT directly.
“To register for bond trading, SEC is preparing circulars for brokerage firms and dealers, but we have to wait for BOT guidelines first,” she added.
She said she expected BOT’s decision to ease measures will encourage people to invest in foreign securities.
“However, it depends on the investment situation and investors’ ability to tolerate risks as well,” she added.