SEC raises crowdfunding cap for retail investors to 50 million baht

In an effort to foster growth among startups and small to medium-sized enterprises (SMEs), 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 about 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…