The Securities and Exchange Commission (SEC) welcomes comments on principles for improving regulation of digital token offering (ICO portal) providers and digital token offering rules at relevant To make the ICO portal governance clear, appropriate and standardized comparable to Financial Advisor (FA) in the case of securities including to increase efficiency fix crash and increase customer access to digital token offerings
According to the SEC, at its meeting No. 6/22 on June 2, 2022, it has resolved to approve the revision of ICO portal regulatory rules and relevant digital token offering rules. To ensure that the governance of the ICO portal is clear, appropriate, and has standards comparable to the case of the FA, especially on conflict of interest and conflict of interest (COI) management, as well as to increase efficiency. fix crash and increasing access to customers and the digital token offering of the ICO portal, which is currently unable to assign tasks to other people as outsource operators, unlike in the case of digital asset operators. and improvements to other digital token issuance regulations to make them clearer and more appropriate.
The SEC is therefore open to listen to opinions on principles of improvements in regulations on ICO portal and offering rules.
Related Digital Tokens The important things are as follows:
- The ICO portal is prohibited from acting as an ICO portal for digital token offerings in the event of a COI.
– having shareholdings between them
– There are directors, executives and responsible persons of the department responsible for screening digital token offering projects. or employees who are responsible for overseeing or operating the moderation of digital token offering schemes as one person;
– having relationships or interests between them in a way that may cause a lack of independence in the performance of duties, etc. - Let the ICO portal be able to outsource specific tasks related to digital token offerings, including investor contact and service and support for digital token offerings and subscriptions. The ICO portal must be defined. Outsource policies, measures and procedures approved by the Board of Directors. and perform and supervise the recipient to comply with the relevant rules as well Including having to act with reasonableness and without effect as if it is not doing business (empty box) by prohibiting the ICO portal from assigning the main tasks of providing the ICO portal (core function) and having to inform A. The SEC is aware of it, etc.
- Improved other rules related to digital token offerings, including monitoring.
Operation of the ICO portal after approval requires that the ICO portal notify the SEC of any changes in qualifications or functions. and amendments to the terms according to the announcement regarding the offer for sale
digital tokens to the public in a clear and comprehensive manner.
The SEC has published a public hearing document on the revised guidelines for regulatory guidelines at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=816. Relevant and interested persons can express their opinions at the website or via e-mail: thapanee@sec.or.th , amphornp@sec.or.th or chatchan@sec.or.th until July 23, 2022.
