Bangkok, The Securities and Exchange Commission (SEC) revised the criteria for offering digital tokens regarding sustainability. In order to disclose information about sustainability that is sufficient for investment decisions and in accordance with international standards. It is effective from 1 June 2024. According to the SEC, the SEC has opened to listen to comments on the principles and draft announcements for improving the criteria for offering digital tokens related to sustainability, including digital tokens for environmental conservation (green tokens), digital tokens for social development ( social token) digital token for sustainability (sustainability token) and digital tokens to promote sustainability (sustainability-linked token) which was completed in April 2024, with the majority of commenters agreeing with the principles and draft announcement as proposed. The SEC therefore revised the criteria for offering digital tokens regarding sustainability. To be comparable with the criteria of other products in the capital market related to sustainability. and investors have sufficient information to make investment decisions Including supporting the Thai Mutual Fund for Sustainability (Thailand ESG Fund: TESG fund) to be able to invest in a wider range of sustainability products. This will help promote the growth of the country's digital economy and achieve the national strategic goals of sustainability. In addition, the criteria for disclosing digital token information through digital token offering system providers (ICO Portal) have been improved to make it more convenient for investors to access digital token information. For improving the said criteria, the important points are as follows. 1) In the case where the digital token issuer (issuer) uses the name of the digital token offered for sale as 'Sustainability digital tokens' must comply with relevant regulations. 2) In offering digital tokens related to sustainability, the issuer must disclose additional information according to the specified items both before and after the offering. Conforms to the sustainability standards used for reference Including having to arrange for an independent external evaluator (external review provider) who has the required qualifications. Also give opinions or certify in matters related to sustainability. 3) Waiver of fees for requesting permission to sell etc. and fees for filing the offering information form (filing form) and draft prospectus. For digital tokens related to sustainability From the effective date of the announcement until May 31, 2025 4) Require the ICO Portal to make an agreement/contract with the issuer (for the digital tokens they offer for sale) to bring information or reports that the issuer has a duty to disclose. Investors To disclose it through the ICO Portal and ensure that the issuer discloses such information throughout the life of the project. So that investors can access and follow information more conveniently. The revised criteria* have been published in the Royal Gazette and will come into effect from 1 June 2024 onwards. Source: Thai News Agency