SEC has introduced the standard single form to give investors more convenience in opening an account for investment in any type of product with any service provider in the capital market. The single form allows investors to fill in the required information for account opening only once and use the filled-in information for opening trading accounts with other service providers. The standard single form will be used officially as from 1 January 2021.
SEC Secretary-General Ruenvadee Suwanmongkol said: “Today, SEC has issued
the Notification prescribing the standard single form for opening an account
for investment in all types of capital market product. This new regulation
allows service providers to use the single form with investors of any products
while reducing investors’ burden of filling in repetitive information when opening
a new account. By providing the required information only once via the standard
single form, investors will have more convenience in opening investment
accounts of all types of capital market product, for example, shares, debt
securities, mutual funds and derivatives, and can use the single form or the
information provided therein to open new investment accounts with other service
providers.”
The regulations related
to the standard single form have undergone public hearing with stakeholders in
the business sector and the general public, including trading service providers
and investors, and are in line with the regulations of the Anti-money
Laundering Office. The standard single form will take effect from 1 January
2021 onwards.
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