Bangkok, Wednesday 18 September 2019 - SEC is open for comments from senior executives of securities business operators and derivative contract business operators in order to join forces to drive business development following a discussion with the Association of Thai Securities Companies (ASCO) in May.
SEC
Secretary-General Ruenvadee
Suwanmongkol stated on 17 September 2019 that SEC had a meeting with ASCO and the senior executives
of every securities company and derivative contract business operators. SEC Secretary-General sough their opinions
and wished to learn of their problems and obstacles in their operation in the
fast-changing environment and in support of consideration in formulating a
business development policy and revising the regulations for the supervision of SEC.
The public hearing from the business
sector is in furtherance of the first public hearing on 8 May 2019 in which the opportunities and challenges for business
operations had been discussed for survival in the future. This public hearing
followed the appointment SEC Secretary-General early in May. The meeting concluded that SEC would revise the
supervision regulations which are problematic or unnecessary (regulatory
guillotine) and consideration would be given to the
differences in business models, and encouragement would be given to business
operators to be able to adjust and expand their business. Accordingly, SEC will give priority to the participation
of the business sector in giving opinion on the improvement of the regulations in
order that the revised regulations will be appropriate for actual use.
In addition, SEC will coordinate with business
operators to expand the investor base in order to attract more investors to
invest in the capital market, encourage long-term savings, and enable the
country’s agricultural future contract market to grow effectively.
Ruenvadee stated that “it
is a policy of SEC to seek public
opinions and learn about problems and obstacles of the concerned parties in
every sector of the capital market, including securities business operators and
derivatives contract business operators, in order to be truly aware and
understand the problems of the capital market and to be able to develop the
business and drive the industry in the interest of adjustment and future growth.”
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