Bangkok, 6 November 2019 – SEC holds the first meeting with the Digital Infrastructure for Capital Market committee to discuss the implementation plan of DLT (Distributed Ledger Technology) for digital infrastructure, to increase efficiency and transparency in the capital market, reduce costs, and facilitate market accessibility for investors, issuers, and all sectors of business operators, and to drive the economy forward in the new digital age.
SEC revealed that the
Digital Infrastructure for Capital Market Committee, with SEC
Secretary-General Ruenvadee
Suwanmongkol as chair of the committee, had held the first meeting on 6 November 2019to discuss
the implementation and application of the DLT, to increase the efficiency and reduce
cost of operation, and overall processes from the first step to the last,
relating to fundraising and securities investment and futures contracts. The
meeting had also deliberated on the matter of “Master Blueprint” and the guidelines
to drive forward concrete results.
Moreover,
the Digital Infrastructure for Capital Market committee, established by SEC after
introducing the “DLT Implementation as Digital Infrastructure of Capital
Market” program in last September, is comprised of representatives from several
organizations; for example, the Fiscal Policy Office (FPO), the Stock Exchange
of Thailand (SET), the Association of Thai
Securities Companies (ASCO), the Association of Investment Management Companies
(AIMC), the Thai Bond Market Association (ThaiMBA), the Thai Banker Association,
the Association of International Banks and SEC. Accenture Company (Thailand)
with Baker McKenzie Company as consultants to the program. Important factors
for driving forward the program towards its goals require collaborations from
all sectors, in order for this program to develop and to increase the
efficiency and ability in competitiveness of Thai capital market.
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