Tag Archives: voting

Thailand – SEC Depository Receipts Proposal

On 30 March 2024, Thai SEC announced revised criteria for non-voting depository receipts (NVDR) services, to support foreign investors in Thai stock market, and prevent Thai investors from using NVDR. Key revisions include prohibiting securities companies from increasing Thai investors' NVDR shareholdings, except through/via pre-enforced rights or legal transfers. Foreign securities companies are required to…
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