Bangkok, 1 December 2017 ? The SEC is giving more focus to the regulation-for-growth approach to meet the demands of the public and all sectors of market participants more appropriately.

Mrs. Waratchya Srimachand, SEC Senior Assistant Secretary-General, said: ?The capital market is undergoing significant changes, for example, technological disruption, wider linkage of global financial markets, increasing competition, change of behavioural patterns, and changing demands of fundraisers, business operators and investors. As the capital market regulator, the SEC must adjust to these changes without compromising market orderliness and integrity. This includes regulatory reform to faciliate ease of doing business and increase competitive eage of market participants. This in turn will contribute to the creation of values for investors, businesses and the society as a whole.?

In view of the above, the SEC has launched a regulatory reform project to review and streamline regulations currently in use. Experts have reviewed the criteria for licensing application and prevention of conflicts of interest, with involved parties engaging in the whole process. Results of the regulatory review will be completed in due course. In 2018, the SEC plans to review and streamline, when appropriate, approximately 250 types of applications to lessen the cost burdens of all parties.

With respect to the issuance of new regulations, the internationally-accepted standards will be applied to the regulatory impact assessment (RIA) to ensure that problems will be solved effectively and only necessary regulations will be issued. In addition, technologies and supporting measures will be given more weight to encourage value creation and competitiveness, and the rulemaking will give more emphasis to the practicality and cost-effectiveness for private sectors.

?To achieve the regulation-for-growth objective, an effective corporate governance mechanism must be in place for the oversight of decision-making process to ensure that corporate objectives, directions and strategies take into consideration the interest of the public, investors, business operators, fundraisers, and all parties concerned,? added Mrs. Waratchya