Post by account_disabled on Jan 1, 2024 5:47:45 GMT
The SEC revealed the results of the meeting of the SME Startup PE VC Working Group, chaired by Mrs. Siriwipa Suphantanet, Deputy Secretary-General of the SEC, on December 19, 2019, with preliminary conclusions regarding the funding criteria of the SEC. SMEs and startups and trading formats through the secondary market Emphasis is placed on creating a balance between regulations that are not too much of a burden on the business sector. While still considering investor protection as important SEC reveals results of meeting of working group to strengthen small and medium-sized enterprises start-up enterprise Venture capital business Joint investment entity to the Thai capital market (SME Startup PE VC working group) for the 2nd time on December 19, 2019, where there was discussion about methods for raising funds and trading in SME stocks and Startups in the secondary market The conclusions are as follows: - SMEs and startups Must be a limited company and a public limited company that has good corporate governance and has directors and executives who have the required qualifications.
Must disclose information as required by the SEC and must submit half-year and full-year financial statements. Reviewed by auditor belonging to an accounting office that has passed the quality inspection by the SEC - in the type of investors Investors who can trade in the secondary market must be - Institutional investors. Venture capital (PE), venture capital juristic persons (VC), angel investors - general investors who have knowledge and understanding of SMEs and startups. who have income or financial status according to specified criteria The said shares must be purchased through an Telegram Number Data intermediary who knows customers and recommends appropriate investments (KYC and Suitability) in order to maintain the principles of investor protection. - It will allow the establishment of a fund that invests in SME stocks. and startups managed by fund managers. with expertise in investing in SMEs and startups Such funds may be registered for trading. in the stock exchange to allow general investors to invest Ms. Ruenwadee Suwanmongkol, Secretary-General of the SEC, said, “The work of the SME Startup PE VC working group is in line with the government policy on driving the development of the grassroots economy. as well as the strategic plan of the SEC by integrating work with relevant agencies in all sectors.
which is the opinion of this working group Regarding guidelines for fundraising and stock trading for SMEs and startups in the secondary market Including the qualifications of investors who can invest in the secondary market. This will be important information that the SEC will use in considering issuing regulations to help increase options for SMEs and startups to access capital sources in the capital market. And it is expected that a conclusion will be reached on this matter within the first quarter of 2020." The SME Startup PE VC working group consists of representatives from many agencies, both public and private, including the Fiscal Policy Office. Medium Enterprise Promotion Office Department of Business Development Ministry of Commerce Department of Industrial Promotion Ministry of Industry Stock Exchange of Thailand Small and Medium Enterprise Development Bank of Thailand Bank for Agriculture and Cooperatives Joint committee of 3 private sector institutions, Thai SME Confederation Thai Association of Venture Capital Business Entrepreneurs Investment Banking Club Federation of Accounting Professions Under the Royal Patronage of His Majesty the King and the Thai Capital Market Business Council And at this meeting, the SEC also invited representatives from the Thai Capital Market Business Council. Come join in the working group as well.
Must disclose information as required by the SEC and must submit half-year and full-year financial statements. Reviewed by auditor belonging to an accounting office that has passed the quality inspection by the SEC - in the type of investors Investors who can trade in the secondary market must be - Institutional investors. Venture capital (PE), venture capital juristic persons (VC), angel investors - general investors who have knowledge and understanding of SMEs and startups. who have income or financial status according to specified criteria The said shares must be purchased through an Telegram Number Data intermediary who knows customers and recommends appropriate investments (KYC and Suitability) in order to maintain the principles of investor protection. - It will allow the establishment of a fund that invests in SME stocks. and startups managed by fund managers. with expertise in investing in SMEs and startups Such funds may be registered for trading. in the stock exchange to allow general investors to invest Ms. Ruenwadee Suwanmongkol, Secretary-General of the SEC, said, “The work of the SME Startup PE VC working group is in line with the government policy on driving the development of the grassroots economy. as well as the strategic plan of the SEC by integrating work with relevant agencies in all sectors.
which is the opinion of this working group Regarding guidelines for fundraising and stock trading for SMEs and startups in the secondary market Including the qualifications of investors who can invest in the secondary market. This will be important information that the SEC will use in considering issuing regulations to help increase options for SMEs and startups to access capital sources in the capital market. And it is expected that a conclusion will be reached on this matter within the first quarter of 2020." The SME Startup PE VC working group consists of representatives from many agencies, both public and private, including the Fiscal Policy Office. Medium Enterprise Promotion Office Department of Business Development Ministry of Commerce Department of Industrial Promotion Ministry of Industry Stock Exchange of Thailand Small and Medium Enterprise Development Bank of Thailand Bank for Agriculture and Cooperatives Joint committee of 3 private sector institutions, Thai SME Confederation Thai Association of Venture Capital Business Entrepreneurs Investment Banking Club Federation of Accounting Professions Under the Royal Patronage of His Majesty the King and the Thai Capital Market Business Council And at this meeting, the SEC also invited representatives from the Thai Capital Market Business Council. Come join in the working group as well.