Post by account_disabled on Dec 28, 2023 10:41:32 GMT
The SEC oversees the issuance of offerings and closely monitors the situation of the private sector bond market. Found a group of debt instruments Non-investment grade and unrated accounts for 6 percent. Criteria for improving bond supervision are expected to be issued within the first quarter of this year. Increase investor protection to receive adequate information disclosure. We also recommend that investors search for bond information at the SEC Bond Check application. Ms. Ruenwadee Suwanmongkol, Secretary-General of the Securities and Exchange Commission (SEC), said that debt instruments are an important fundraising tool used by the business sector to enhance liquidity and expand business. Including replacing or being in addition to applying for a loan from a financial institution. Most debt instruments are debt instruments with a credit rating of investment grade and there are debt instruments with a credit rating lower than investment grade. (non-investment grade) and instruments that are not rated (unrated), which the SEC has strict regulatory criteria to protect investors. In this regard, the SEC has closely followed the situation of the issuance and offering of private debt instruments. Since June 2019 onwards, it was found that the debt instrument group Non-investment grade and unrated debt instruments had a stable proportion of 6 percent of all private sector debt instruments. The number of issuers decreased compared.
to the end of 2018. and more than half are long-term debt instruments. In the past, the SEC has adjusted the criteria related to debt instruments to be more stringent as necessary. and increase investor protection to receive adequate and complete information disclosure. Including providing knowledge and understanding to the public about investing in debt instruments continuously. In addition, the SEC has created a WhatsApp Number List mechanism for investors to understand the risks of debt instruments before investing and to have important, up-to-date information to support investment decisions. Including having easier access channels, the SEC therefore improved the guidelines for regulating the bond market in 2019, which were approved by the SEC Board and the Capital Market Supervisory Board. already Criteria are expected to be issued within the first quarter of 2020, including (1) limiting investors in a narrow offering to no more than 10 persons
who must be directors, executives, and major shareholders; or affiliated companies of debt issuers and institutional investors (2) increase the protection criteria for large investors to be similar to general investors (3) increase the need for debt issuers to submit financial statements semi-annually instead of once a year (4) improve the summary of important information debt instrument (factsheet) to be concise, emphasizing necessary information, easy to read, easy to understand, and easier to compare risks; and (5) requiring debt instrument issuers and securities registrars to report debt defaults to bondholder representatives. In order to have information to handle such cases more quickly. The SEC also monitors the operations of credit rating agencies. and supervise such institutions to assess the creditworthiness of corporate bonds to ensure that they comply with international standards and regulatory criteria regarding (1) the credit rating process is of high quality and reliability; (2) it can operate independently. (3) There is good corporate governance and organizational risk management. and personnel management (4) Accurate and sufficient information is disclosed. Including upgrading the performance of bondholder representatives to the same standard. and setting expectations for performing duties to protect the interests of bondholders In terms of facilitating investors, the SEC has also developed the SEC Bond Check application for searching for names of newly issued and offered bonds, maturity, interest rates. and risk level Including being able to compare the said rates of bonds offered for sale at similar times.
to the end of 2018. and more than half are long-term debt instruments. In the past, the SEC has adjusted the criteria related to debt instruments to be more stringent as necessary. and increase investor protection to receive adequate and complete information disclosure. Including providing knowledge and understanding to the public about investing in debt instruments continuously. In addition, the SEC has created a WhatsApp Number List mechanism for investors to understand the risks of debt instruments before investing and to have important, up-to-date information to support investment decisions. Including having easier access channels, the SEC therefore improved the guidelines for regulating the bond market in 2019, which were approved by the SEC Board and the Capital Market Supervisory Board. already Criteria are expected to be issued within the first quarter of 2020, including (1) limiting investors in a narrow offering to no more than 10 persons
who must be directors, executives, and major shareholders; or affiliated companies of debt issuers and institutional investors (2) increase the protection criteria for large investors to be similar to general investors (3) increase the need for debt issuers to submit financial statements semi-annually instead of once a year (4) improve the summary of important information debt instrument (factsheet) to be concise, emphasizing necessary information, easy to read, easy to understand, and easier to compare risks; and (5) requiring debt instrument issuers and securities registrars to report debt defaults to bondholder representatives. In order to have information to handle such cases more quickly. The SEC also monitors the operations of credit rating agencies. and supervise such institutions to assess the creditworthiness of corporate bonds to ensure that they comply with international standards and regulatory criteria regarding (1) the credit rating process is of high quality and reliability; (2) it can operate independently. (3) There is good corporate governance and organizational risk management. and personnel management (4) Accurate and sufficient information is disclosed. Including upgrading the performance of bondholder representatives to the same standard. and setting expectations for performing duties to protect the interests of bondholders In terms of facilitating investors, the SEC has also developed the SEC Bond Check application for searching for names of newly issued and offered bonds, maturity, interest rates. and risk level Including being able to compare the said rates of bonds offered for sale at similar times.