Bangkok, February 21, 2014 ? The SEC is seeking public comment on revising the regulations concerning independent directors of licensed securities and derivatives business operators. The proposed regulations, however, do not apply to licensed venture capital, securities inter-dealer broker and securities investment advisors.

For all of the licensees subject to the regulations, they must appoint the independent directors at least one fourth of all directors, providing that the independent directors are subject to the specified qualifications and prohibited characteristics. In this juncture, certain waivers of the requirement to appoint the independent directors are also provided. The regulations are expected to become effective in January 1, 2015.

The draft regulation and consultation paper are available on the SEC website at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or email to kornwara@sec.or.th until March 3, 2014.