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 Thirachai Bhuvanatnaranubala, secretary-general of the Securities and Exchange Commission, said that the TSFC has informed the watchdog that it has restructured debts and slashed registered capital to wipe accumulated losses, and will raise capital, as ordered by the Capital Market Supervision Committee. The capital increase is expected to complete this month, and will raise TSFC's capital fund to about Bt1 billion which is 30 per cent of risk assets.

 The Capital Market Supervision Committee earlier barred TSFC from business expansion unless the financial restructuring is completed.

 It can resume operations after the capital increase is completely registered with the Commerce Ministry and after the SEC's inspection of the company's system and personnel readiness.