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SEC joins the IOSCO Asia-Pacific Regional Committee (APRC) meeting and is ready to host the October 2020 meeting



Wednesday 9 October 2019 | No. 138 / 2019


Bangkok, October 9, 2019 - On October 9, 2019, SEC Secretary-General Ruenvadee Suwanmongkol, and SEC’s management team participated in the Asia-Pacific Regional Committee (APRC) meeting of the International Organization of Securities Commissions (IOSCO) in Tokyo, Japan, of which Mr. Jun Mizuguchi from the Financial Services Agency of Japan (JFSA) is the Chairman. The meeting was joined by capital market regulators from 18 Asia-Pacific countries, including IOSCO Secretary-General Mr. Paul Andrews.

The meeting discussed significant and challenging issues such as harmful, but legal conduct. In this regard, the SEC Secretary-General shared her view on the importance of information disclosure that should be suitable for each type of investors. She also mentioned the public hearing process that the SEC is undertaking to enhance regulatory rules and supervision of bond market to protect investor by way of providing sufficient information for decision making and to reduce risks due to a high number of senior retail investors.

Furthermore, the meeting also discussed important issues related to:

1.     Sustainable finance, presented by the Securities and Futures Commission, Hong Kong (SFC Hong Kong). The SEC Secretary-General supports the proposal of SFC Hong Kong in the development of environmental and climate data disclosure since it is an important issue and is in accordance with the SEC’s policy in promoting environmental, social, and governance (ESG) for sustainable capital market growth;

2.     Market fragmentation, presented by JFSA;

3.     Fintech and Crypto Assets, presented by the Monetary Authority of Singapore, in which the SEC Secretary-General also exchanged experiences with other member countries, and;

4.     the International Financial Reporting Standards or IFRS.

At the meeting, SEC Secretary-General spoke of the successful outcome of the ASEAN Capital Markets Forum (ACMF) hosted by SEC on October 2, 2019 in Phuket, Thailand. The ACMF agreed on the Roadmap for ASEAN Sustainable Capital Markets with the objective to enhance regional capital market development towards sustainability.

In addition, the IOSCO APRC Meeting approved SEC as the host of their next plenary meeting, which is planned to be held between October 7-9, 2020 and expressed their gratitude to SEC for the readiness to host the important meeting.


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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 138 / 2019 Wednesday 9 October 2019
SEC joins the IOSCO Asia-Pacific Regional Committee (APRC) meeting and is ready to host the October 2020 meeting
Bangkok, October 9, 2019 - On October 9, 2019, SEC Secretary-General Ruenvadee Suwanmongkol, and SEC’s management team participated in the Asia-Pacific Regional Committee (APRC) meeting of the International Organization of Securities Commissions (IOSCO) in Tokyo, Japan, of which Mr. Jun Mizuguchi from the Financial Services Agency of Japan (JFSA) is the Chairman. The meeting was joined by capital market regulators from 18 Asia-Pacific countries, including IOSCO Secretary-General Mr. Paul Andrews.

The meeting discussed significant and challenging issues such as harmful, but legal conduct. In this regard, the SEC Secretary-General shared her view on the importance of information disclosure that should be suitable for each type of investors. She also mentioned the public hearing process that the SEC is undertaking to enhance regulatory rules and supervision of bond market to protect investor by way of providing sufficient information for decision making and to reduce risks due to a high number of senior retail investors.

Furthermore, the meeting also discussed important issues related to:

1.     Sustainable finance, presented by the Securities and Futures Commission, Hong Kong (SFC Hong Kong). The SEC Secretary-General supports the proposal of SFC Hong Kong in the development of environmental and climate data disclosure since it is an important issue and is in accordance with the SEC’s policy in promoting environmental, social, and governance (ESG) for sustainable capital market growth;

2.     Market fragmentation, presented by JFSA;

3.     Fintech and Crypto Assets, presented by the Monetary Authority of Singapore, in which the SEC Secretary-General also exchanged experiences with other member countries, and;

4.     the International Financial Reporting Standards or IFRS.

At the meeting, SEC Secretary-General spoke of the successful outcome of the ASEAN Capital Markets Forum (ACMF) hosted by SEC on October 2, 2019 in Phuket, Thailand. The ACMF agreed on the Roadmap for ASEAN Sustainable Capital Markets with the objective to enhance regional capital market development towards sustainability.

In addition, the IOSCO APRC Meeting approved SEC as the host of their next plenary meeting, which is planned to be held between October 7-9, 2020 and expressed their gratitude to SEC for the readiness to host the important meeting.


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