SEC approved regulations for Green Investment Trust in Thailand to fund environmental projects in forestry and agriculture. Additionally, SET amended securities trading regulations for market orderliness. Public hearings and monitoring are planned.
SEC Approves Establishment of Green Investment Trust
The Securities and Exchange Commission (SEC) in Thailand has approved revisions to regulations to support the creation of the Green Investment Trust (GIT). The purpose of GIT is to fund environmental projects in the forestry and agriculture sectors, aiming to maintain greenhouse gas levels. Additionally, the Stock Exchange of Thailand (SET) has made amendments to its securities trading regulations to enhance market orderliness.
Green Investment Trust Objectives and Criteria
The SEC Board resolution allows GIT to facilitate investment in environmental projects that help maintain greenhouse gas levels in forestry and agriculture. The trust is designed to invest in projects that comply with criteria set by the Capital Market Supervisory Board (CMSB). The trust does not seek benefits from managing private assets or evade compliance with laws. Key products for GIT investment include ownership or land leasing rights in forestry and agricultural sectors to maintain sufficient carbon levels.
Regulatory Amendments for Trading Orderliness
The SEC Board has approved amendments to securities trading regulations proposed by the SET. Changes include increasing the Dynamic Price Band, implementing an Auction trading method for certain securities, and introducing an Auto Pause feature for high trading volumes. The SET will communicate these measures to investors before implementation and monitor their effectiveness for the next six months to ensure orderly trading activities.
Source : SEC approves Green Investment Trust to support national sustainability goals