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SEC Participates in IOSCO Asia-Pacific Regional Committee (APRC) Meeting



Tuesday 14 May 2019 | No. 51 / 2019


Bangkok, May 14, 2019 - On May 13, 2019, SEC Secretary-General Ruenvadee Suwanmongkol, together with SEC Assistant Secretary-General Praoporn Senanarong, and Director of Strategy and International Affairs Department Julawadee Worasakyothin, attended the Asia-Pacific Regional Committee (APRC) meeting of the International Organization of Securities Commissions (IOSCO), which was held as part of the IOSCO 2019 Annual Meeting in Sydney, Australia.

The meeting discussed important developments and course of actions in overseeing and developing the capital markets of member jurisdictions. For instances, issues around harmful but legal conduct such as push selling or unsuitable distribution of financial products are found as a common area of concern arises in many jurisdictions, which poses challenge to the regulators. In this view, members have shared and discussed relevant guidelines and preventive measures such as industry engagement and guidelines of good practices. The meeting further agreed that the APRC members should conduct a self-assessment survey in order to collectively find an appropriate direction or outcome in dealing with the issue.

SEC also prioritizes and considers this matter to be crucial. Therefore, SEC has set out guidelines and put in place a variety of tools such as risk monitoring and management as well as preventive measures such as investor education to help address these issues. There is also a forum of cooperation between three domestic regulatory agencies including the Bank of Thailand, the Office of Insurance Commission, and  SEC to ensure efficient regulatory supervision.

Other important issues that were discussed during the meeting include oversight of Crypto-asset trading platforms, the establishment of the supervisory cooperation working group, and guidelines in organizing supervisory symposium to share experiences and practices.

SEC also received approval from the APRC meeting, which currently has Mr. Jun Mizuguchi from the Financial Services Agency of Japan as its Chair, to host the next APRC plenary meeting during the second half of 2020 in Thailand.

IOSCO APRC members consist of 31 regulatory and relevant agencies in the capital markets of the Asia-Pacific region from 25 jurisdictions such as Australia, the People's Republic of China, Hong Kong, Japan, South Korea, Malaysia, Singapore, and Thailand.


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