In an effort to foster growth among startups and small to medium-sized enterprises, the Securities and Exchange Commission (SEC) is extending the ceiling on security-based crowdfunding offers to 50 million baht for retail investors. Previously, the limit was 40 million baht. However, institutional, high-net-worth, and ultra-high-net-worth investors are not subjected to any caps.

 

The financial regulator put forth in a statement yesterday that the newly revised rules pertaining to the engagement of securities through the crowdfunding system were crafted to consistently encourage the financing of early-stage businesses and SMEs.

 

The regulations, implemented on July 16, also serve to enhance the monitoring of securities offerings channelled through the crowdfunding systems and related funding portals. This path is projected to simplify, optimise and escalate the process, according to the SEC.

Retail investors now have the opportunity to partake in crowdfunding offers amounting to 50 million baht, a significant increase from the prior limit of 40 million baht, for all securities.

 

by Alex Morgan

Image courtesy of Bangkok Post

 

Full story: https://thethaiger.com/news/business/sec-raises-crowdfunding-cap-for-retail-investors-to-50-million-baht

 

-- © Copyright Thaiger 2023-07-18

 

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I seriously doubt that raising the the limit by only 10M is really going foster growth....