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Thailand eyes fundraising ban for investment management firms

To close regulatory loopholes and ensure investor protection, Thailand is considering banning investment management companies from raising funds on the Securities and Exchange Commission (SET) and Market for Alternative Investment (MAI). As defined by SEC, an investment company refers to any company that invests more than 40% of its assets in securities, derivatives, or digital assets without active management of such assets. The SEC is conducting a public hearing to collect opinions on the new regulations. If the regulations push through, any investment management company, except for financial institutions, will be prohibited from offering and listing shares on the SET and MAI.


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