SEC relaxes test rule for institutional clients of registered derivatives business operators
February 10, 2014 00:00 2,143 Viewed
The Capital Market Supervisory Board has exempted the institutional clients of registered derivatives dealers and derivatives fund managers from the requirement to conduct a suitability test.
Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission, said Monday that institutional clients were deemed capable of making their own investment.
However, institutional clients can request to do the suitability test for an evaluation of their portfolio investments and transactions. The revised regulations will go into effect on April 1. For details, please visit the SEC website at www.sec.or.th.