Bangkok, 27 August 2020 – SEC has held a quarterly meeting with all securities and derivatives business operators to gather comments and suggestions and discuss possibilities for reducing obstacles, increasing resilience and flexibility for business operation, and considering guidelines for supporting business operation in the future. SEC also announced the launch of the One-Stop-Service Center for rendering advice and cooperation with intermediaries, starting from 1 September 2020.
SEC Secretary-General Ruenvadee Suwanmongkol has announced key results
from the quarterly meeting with senior executives of all securities and
derivatives business operators, which took place on 25 August 2020. The meeting
opened a stage for discussion and sharing of comments and suggestions on securities
and derivatives business undertaking to create possible approaches for reducing
obstacles and enhancing flexibility and resilience in business operation as
well as to discuss guidelines for supporting business operation. The meeting’s topics
included (1) a study of securities business landscape to lay out directions for
business operation in the future, (2) financing with securities collateral to
facilitate operation of various businesses (or loan against securities: LAS),
(3) proposal for amendment to regulations on capital adequacy of securities
business operators to be more adequate and efficient, (4) the development of
personnel in capital market businesses through competency training including knowledge
sharing and promotion of environmental, social and governance (ESG)-focused
investments, and (5) revision to the types and definitions of investors to be
consistent in all notifications to accommodate issuance of appropriate
supervisory guidelines.
In addition, SEC will officially launch the One-Stop-Service Center on 1
September 2020 to give more convenience for securities and derivatives business
operators to make inquires and request advice or recommendations regarding
business operation. The center will also accommodate coordination and progress updates
on the end-to-end basis.
“SEC welcomes inputs from stakeholders as they
can help us better understand the issues, obstacles and necessities of business
operators, and subsequently address such matters appropriately. We support business
operators in making adjustments in response to the growing changes in the
digital age and operating business according to their expertise. SEC will
continue to make useful developments for business operators and investors, and
enhance competitiveness of the Thai capital market,” added Ms. Ruenvadee.
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