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SEC signs MOAs with Legal Execution Department to promote enforcement efficiency



Monday 9 October 2017 | No. 91 / 2017



Bangkok, 9 October 2017 ? The SEC and the Legal Execution Department (LED) have signed two memoranda of agreement (MOA) for mutual cooperation and information sharing, at the SEC Building today.

The first MOA is for cooperation in monitoring and oversight of fund mobilizing companies or capital market business operators, entering the rehabilitation process or involved in a bankruptcy case pursuant to the Bankruptcy Act B.E. 2483 (1940). The second MOA is for cooperation in establishing an enterprise architecture. Both MOAs aim to promote efficiency and effectiveness of duty performance of both parties.

SEC Secretary-General Rapee Sucharitakul said: ?Efficient oversight of listed companies and capital market business operators is key to building market confidence and investor protection. This MOA signing is a good beginning for closer cooperation with regard to monitoring of businesses entering the rehabilitation or bankruptcy process. It will also strengthen enforcement efficiency and human resources development, and facilitate systematic linkage of working process for optimum results.? 

LED Director-General Ms. Ruenvadee Suwanmongkul said: ?This mutual effort exemplifies our promotion and development of all-sector participation, both public and private. The cooperation under the MOAs includes monitoring and oversight of listed companies, issuing companies and regulated agencies under the SEC that enter the rehabilitation or bankruptcy process. We expect the sharing of information, knowledge, experiences and expertise will help to increase efficiency of our respective duty performance and to build an enterprise architecture that is conducive to cost-effectiveness and overall efficiency.? 

The MOAs are in line with the SEC mission to supervise and develop a reliable capital market and the LED 20-Year Strategic Plan to become the Debtor Data Center. They also aim to promote data integration and linkage with public and private agencies to increase efficiency in collecting assets in bankruptcy cases and supporting business rehabilitation for the benefits of creditors, debtors and investors. 

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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. 91 / 2017 Monday 9 October 2017
SEC signs MOAs with Legal Execution Department to promote enforcement efficiency


Bangkok, 9 October 2017 ? The SEC and the Legal Execution Department (LED) have signed two memoranda of agreement (MOA) for mutual cooperation and information sharing, at the SEC Building today.

The first MOA is for cooperation in monitoring and oversight of fund mobilizing companies or capital market business operators, entering the rehabilitation process or involved in a bankruptcy case pursuant to the Bankruptcy Act B.E. 2483 (1940). The second MOA is for cooperation in establishing an enterprise architecture. Both MOAs aim to promote efficiency and effectiveness of duty performance of both parties.

SEC Secretary-General Rapee Sucharitakul said: ?Efficient oversight of listed companies and capital market business operators is key to building market confidence and investor protection. This MOA signing is a good beginning for closer cooperation with regard to monitoring of businesses entering the rehabilitation or bankruptcy process. It will also strengthen enforcement efficiency and human resources development, and facilitate systematic linkage of working process for optimum results.? 

LED Director-General Ms. Ruenvadee Suwanmongkul said: ?This mutual effort exemplifies our promotion and development of all-sector participation, both public and private. The cooperation under the MOAs includes monitoring and oversight of listed companies, issuing companies and regulated agencies under the SEC that enter the rehabilitation or bankruptcy process. We expect the sharing of information, knowledge, experiences and expertise will help to increase efficiency of our respective duty performance and to build an enterprise architecture that is conducive to cost-effectiveness and overall efficiency.? 

The MOAs are in line with the SEC mission to supervise and develop a reliable capital market and the LED 20-Year Strategic Plan to become the Debtor Data Center. They also aim to promote data integration and linkage with public and private agencies to increase efficiency in collecting assets in bankruptcy cases and supporting business rehabilitation for the benefits of creditors, debtors and investors. 

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