Bangkok, 25 July 2023 – The Securities and Exchange Commission (SEC) has announced the 2024 holiday schedule for securities companies and derivatives business operators, as follows: 1. Monday 1 January New Year’s Day 2. Tuesday 2 January Substitution for New Year’s Eve (Sunday, 31 December 2023) 3. Monday 26 February Substitution for Makha Bucha Day (Saturday, 24 February 2024) 4. Monday 8 April Substitution for Rama I Memorial Day and Chakri Memorial Day (Saturday, 6 April...
At its meeting No.11/2563 on 19 May 2020 chaired by SEC Secretary-General Ruenvadee Suwanmongkol, the CMSB approved in principle of the amendment of rules applicable to funds and trusts which invest in real estate or infrastructure (funds and trusts) to create regulatory alignment as part of the regulatory guillotine project. The amendments are as follows:(1) Amending the rule on conducting an asset due diligence from every year after the previous due diligence to at least once in a ca...
Listed companies may postpone the AGM holding based on their discretion; however, a written clarification of the reason for the postponement must be submitted to the registrar on a case-by-case basis after the AGM meeting has been held. This postponement option is pursuant to the Notification of the Department of Business Development regarding Measures for Handling the Spread of COVID-19 in Case of Possible Impact on the Holding of Juristic Person’s Meeting B.E. 2563 (2020), dated 4 March...
In accordance with SEC Strategic Plan 2020-2022 by which, one of the goals of SEC is to ensure the competitiveness of business operators in the capital market. At the Capital Market Supervisory Board’s Meeting No. 3/2563 held on 3 March 2020 chaired by SEC Secretary-General Ruenvadee Suwanmongkol, the Meeting has considered the guidelines for enhancing the securities companies’ capability and resolved to approve the generation of alternative income channels and the reduction of expenses a...
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 f...
The SEC has improved the procedure for handling complaints from investors and the general public to ensure better service quality. The new procedure includes three phases of clearer status updates to complainants, namely (1) the initial clarification and related documents gathering phase, (2) the case consideration phase, and (3) legal proceedings phase. This complaint handling improvement aims to give more convenience to case monitoring and progress updates. In case of unreasonable delay or ina...
SEC Secretary-General Ruenvadee Suwanmongkol said: “This is the second time Thailand has participated in FSAP voluntarily because it is important that the development of the Thai financial sector comply with international standards and be recognized in the global community. Also, the capital market is a key driver of the national financial system. The FSAP involved two main separate assessment areas, namely securities regulation reviewed under 37 IOSCO Objectives and Principles of Securities Reg...
SEC Secretary-General Ruenvadee Suwanmongkol said: “Today, the Minister of Finance has announced the results of the World Bank’s Doing Business Report 2020, with the overall ranking for Thailand at No. 21, six levels higher than No. 27 in the preceding year, and No. 5 within the Asia-Pacific region. Two areas of better performances were (1) Dealing with Construction Permits and (2) Protecting Minority Shareholder. “During the course of assessment, the SEC proactively participated in the r...
SEC Secretary-General Ruenvadee Suwanmongkol said: “This great opportunity for the SEC to host the IOSCO Annual Meeting for the first time in the history of the SEC since our establishment in 1992 is truly a remarkable milestone. Moreover, Thailand will be the host country and chair the Asia-Pacific Economic Cooperation (APEC) while the SEC will also celebrate our 30th anniversary all in the same year in 2022.” Hosting the IOSCO Annual Meeting will bring about multifold benefits to the...