On 11
May 2023, the SEC Board Meeting No. 9/2566 approved the principles for prescribing
regulations concerning the application for licenses to operate securities trading
center, clearing house, and securities depository center in accordance with
Section 206 and Section 222 of the Securities and Exchange Act B.E. 2535 (1992)
(SEA).* The Meeting also approved the principles for amending the rules
concerning application for securities registrar license.
This is to ensure the continued enforceability of Section 206 and Section 222
of the SEA and to comply with Section 22 of the Act on Legislative Drafting and
Evaluation of Law B.E. 2562 (2019)** regarding the issuance of regulations for applying
for licenses to operate securities trading center, clearing house, and securities
depository center. Meanwhile, the objective of the revision to the regulations
related to application for securities registrar license is to ensure consistency
with current situations.
The essences of the draft regulations are as follows:
(1)
To establish regulations on application for and granting of licenses to operate
securities trading center, clearing house and securities depository center: An
applicant must demonstrate high-standard qualifications including financial
readiness, personnel and operating systems. The operations of successful
applicants should comply with related international standards such as the IOSCO
Principles;
(2)
To revise the regulations for applying for and granting of securities registrar
license: The proposed amendments specify and improve the qualifications
including capital requirements and IT risk management system. In addition, the
proposed amendments streamline licensing procedures in consistent with other
securities businesses.
The consultation paper is available in Thai version at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=922.
Stakeholders and interested parties are welcome to submit comments and
suggestions on the website or via email: natdanai@sec.or.th (securities trading center) patima@sec.or.th (clearing house) wasin@sec.or.th (securities depository center) and pimpicha@sec.or.th (securities
registrar). The public hearing ends on 11 August 2023.
________________________
Remarks:
*
The Securities and Exchange Act B.E. 2535 (1992)
https://www.sec.or.th/EN/Documents/ActandRoyalEnactment/Act/act-sea1992-amended.pdf
**
The Act on Legislative Drafting and Evaluation of Law B.E.
2562 (2019)
https://www.lawreform.go.th/uploads/files/1679990577-pxqwu-qsydx.pdf