Bangkok, 11 May 2020 – SEC has appointed the Bond Market Development Committee whose primary role is to lay out policies and directions for the bond market and improve the overall market ecosystem, effective since 7 May 2020.
SEC Secretary-General Ruenvadee Suwanmongkol said: “SEC has been monitoring the corporate bond market on a continuous basis. There are many policy issues to address properly. For example, corporate bond liquidity, investors’ knowledge on debt securities, intermediaries and market professionals’ duty performance, the development of shared infrastructures and market database, and high-risk debt securities. SEC has taken measures to enhance the efficiency of the bond market ecosystem and so far has made progresses in certain areas.”
To ensure that the policies, directions, goals and key guidelines for the bond market are effective and consistent, SEC has appointed the Bond Market Development Committee to render advice on policy making and ensure timely cooperation among market participants. The Committee also monitors and assesses market situations, especially with regard to debt securities products with high sensitivity as well as proposes short-term and long-term solutions for issuers on a case-by-case basis if necessary and lays out guidelines for promoting and supporting the establishment of high yield bond funds, etc.
The Bond Market Development Committee comprises 17 members and advisors, including experts and experienced persons in the bond market, namely (1) SEC Secretary-General, (2) Mrs. Pornanong Budsaratragoon, (3) Mrs. Pattera Dilokrungthirapop, (4) Mr. Arsa Indaravijaya, and (5) Mr. Saard Theerarojanawong. Members include representatives from public and private organizations, e.g., the Legal Execution Department, the Federation of Thai Capital Market Organizations, the Association of Securities Companies, the Association of Investment Management Companies, the Thai Bond Market Association, the Thai Investors Association, the Investment Banking Club and representatives of the holders of bonds issued by two major issuers – Bank of Ayudhya Public Company Limited and KTB Securities (Thailand) Public Company Limited – and SEC executives.
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