# SEC Board approves the principles for amending ICO portal regulations

- Link: https://www.thailand-business-news.com/markets/167501-sec-board-approves-the-principles-for-amending-ico-portal-regulations
- Published: 2024-10-09T15:48:58+07:00
- Author: SiamNews PR

**The SEC Board has approved outsourcing work systems of ICO portals for increased
efficiency. Amendments will allow outsourcing of system operations and certain due
diligence tasks to strengthen the ecosystem and regulatory oversight.**

---

The Securities and Exchange Commission Board (SEC Board) has resolved to approve
the outsourcing of all work systems of ICO portals, including certain due diligence
tasks, to third parties (outsourcees). This aims to increase flexibility and alignment
with the nature of the business, foster the ecosystem of investment token offering
services and enhance regulatory oversight efficiency. 

ADVERTISEMENT

The SEC Board has approved the principles for amending the regulations concerning
ICO portals to allow the outsourcing of all system operations related to ICO portals,
including certain due diligence tasks. This aims to increase flexibility and business
efficiency, as well as to promote the roles of securities business operators (traditional
players), thereby strengthening and enhancing the ecosystem. This will help investors
access investment tokens more widely and provide businesses with more efficient 
fundraising channels.

In the case of due diligence, an ICO portal is able to outsource only a due diligence
task related to either (1) Business (e.g., issuer information, business plans, digital
token projects) or (2) Technology (e.g., source code in smart contracts or other
mechanisms used in place of smart contracts) to the outsourcee. However, the ICO
portal must obtain approval from the SEC before outsourcing any tasks related to
such due diligence. 

### Related**Posts**

###  󠀁[Thailand Business News — Morning Briefing](https://www.thailand-business-news.com/news/339062-thailand-business-news-morning-briefing-7)󠁿

###  󠀁[Asian Tech and Equity Markets Suffer Massive Losses from AI Rout](https://www.thailand-business-news.com/markets/339058-asian-tech-and-equity-markets-suffer-massive-losses-from-ai-rout)󠁿

###  󠀁[Thailand Business News — Morning Briefing](https://www.thailand-business-news.com/banking/337929-thailand-business-news-morning-briefing-5)󠁿

###  󠀁[Thailand Business News — Morning Briefing | 29 October 2026 | Thailand, ASEAN and Global Markets](https://www.thailand-business-news.com/markets/commodities/337096-thailand-business-news-morning-briefing-29-october-2026-thailand-asean-and-global-markets)󠁿

The SEC Board has also approved the proposal to amend other regulations related 
to ICO portals’ submission and disclosure of financial statements and actions in
case of ICO portals’ failure to comply with governing regulations, to enhance efficiency
and suitability of ICO portal supervision.

The SEC will draft amendments regarding the above matters to gather feedback from
stakeholders before issuing notifications of the amendments for enforcement in due
course. 

**Source** : [SEC Board approves the principles for amending ICO portal regulations to allow a wider range of work system outsourcing to enhance flexibility of business operations](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11210&rand=113627)