Bangkok, 11 May 2018 – SEC is seeking public comments on the proposed revision of rules on operating systems and service provision of securities companies and derivatives business operators to be more principle-based so as to facilitate application by the existing and new business operators.
SEC is
proposing to codify and revise notifications prescribing rules on the operating
systems and service provision of securities companies and derivatives business
operators to be more appropriate and flexible but will mostly be based on the
same principle. The revision will cover various systems for example, operating
systems relating to organizational structure and personnel readiness, customer
service and information system, internal control system, and risk management
system. In addition, related notifications will be codified into one document
to facilitate the business operators, such as notifications regarding handling
of complaints or maintenance of capital/financial
status.
SEC welcomes and will take into
consideration more public comments which may be related to restrictions or
obstacles in business operations in order to prescribe rules which are
appropriate, practical and beneficial to stakeholders. This revision of
notifications is not applicable to securities companies conducting mutual fund
management and private fund management businesses.
The
consultation paper is available at www.sec.or.th/hearing Stakeholders
and interested parties are welcome to submit comments and recommendations via
the website, or email: piyatit@sec.or.th or archinee@sec.or.th.
The public hearing ends on 4 June 2018.
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