Aiming to create tangible digital transformation, the MOUs are the SEC’s first multilateral cooperation with the country’s leading digital driver organizations, namely (1) the Ministry of Digital Economy and Society, (2) the Digital Government Development Agency (public organization) (DGA), (3) the Electronic Transactions Development Agency (ETDA), (4) the Digital Economy Promotion Agency (DEPA), (5) King Mongkut's Institute of Technology Ladkrabang (KMITL), (6) CMKL University (Established as a collaboration between Carnegie Mellon University and King Mongkut's Institute of Technology Ladkrabang), (7) the ASEAN Chief Information Officer Association (ACIOA), (8) the Thailand Information Security Association (TISA), and (9) the Information Systems Audit and Control Association – Bangkok Chapter (ISACA – Bangkok Chapter).  

Ms. Ajarin Pattanapanchai, Permanent Secretary of the Ministry of Digital Economy and Society, said: “The Ministry is ready to support the SEC in laying out policy and adjusting supervision and operation in compliance with the law on digital technologies to ensure that transactions in the Thai capital market are in line with the law. We also foster creation of digital leaders among the SEC staff and regulated agencies.”

SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC’s objective is to supervise and develop the Thai capital market as the key platform for driving the national economy toward Thailand 4.0 for the benefit of national security, prosperity and sustainability. We are fully aware that digital technologies are increasingly playing a major role in shaping consumers’ lifestyles and business operation. Therefore, we are emphasizing the use of digital technologies to support our policy and implementation in convergence with the Development Plan for Digital Economy and Society. 

“These MOUs stress the importance of digital technologies in propelling capital market development, facilitating market access for business sectors and the public, and creating a pool of knowledge on financing solutions and investment opportunities. Meanwhile, elevating cyber security and efficiency of the SEC work process is also important in keeping pace with rapid changes in the digital age,” added SEC Secretary-General. 

In addition, the DGA will render cooperation with regard to laying out strategies, policies and action plans, develop guidelines in accordance with the law on digital technologies, extend services of the capital market to the public, and develop potential for service giving and market operation through digital tools and channels in line with the government policy and the national development of digital economy and society.

The ETDA will render cooperation with regard to promoting the Thai capital market to use digital technologies and electronic transactions to increase competitiveness of business operators as well as creating the readiness and conducive environment for the use of cutting-edge digital technologies to enhance operating security of business operators and service quality for consumers.

The DEPA will render cooperation in promoting and supporting the development of potential and channels for digital startups and small and medium-sized enterprises (SMEs) in business and industrial sectors to access the Thai capital market and adapt to digital transformation, and will join the group efforts in organizing training to strengthen competency of digital leaders.

KMITL and CMKL will jointly promote academic know-how in the area of digital technology for capital market personnel, promote research related to capital market, and grant scholarships to students with portfolios of implementing technologies for the capital market development. CMKL will also cooperate with Thai and foreign counterparts, especially Carnegie Mellon, a leader in data analytics, and promote readiness on cyber security.

The ACIOA cooperation will focus on development and training to enhance competency of digital leaders and cross-organization cooperation within the ASEAN region through the ACIOA network.

The TISA will render cooperation in transferring cyber security know-how, human resource development in the area of cyber security, security oversight and secure application of digital technologies. 

The ISACA – Bangkok Chapter will render cooperation in creating readiness of capital market personnel in optimizing the use of digital technologies to support execution of transactions, operating efficiency, oversight and inspection of digital technology-based activities to strengthen security in the capital market.