Thailand's Securities and Exchange Commission (SEC) is consulting on proposed reductions in securities registrar fees for crowdfunding portals acting as registrars solely for security-based crowdfunding offerings through their own platforms. Eligibility would depend on meeting all qualification and operational system requirements for securities registrars. The reductions are intended to lower cost barriers and align fees with the limited scope of services and the circumstances of issuers, most of which are small and medium-sized enterprises.
A portal's securities registrar license under the proposed arrangement would terminate if its SEC approval as a funding portal ended. Both general securities registrars and funding portals acting as registrars would need the SEC to determine that they are ready before expanding services beyond their authorized scope. A portal expanding beyond that scope would no longer qualify for the annual fee reduction.