Thai Securities Agency Sets Limits For Debt Crowdfunding
Law360 (May 22, 2019, 2:47 PM EDT) -- Thailand's Securities and Exchange Commission on Wednesday announced changes to its debt crowdfunding rules, placing caps on the amount small and medium-sized businesses can raise and establishing eligibility requirements for capital-raising platforms.
The new regulations state that a small or medium enterprise is allowed to raise a maximum of 20 million baht ($626,428) from retail investors over the first 12 months of a crowdfunding effort and is limited to raising 40 million baht in combined debt and equity over the life of a project. The Thai SEC said only Thai companies with "clear business plan[s]" are allowed to raise capital through...
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