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...
SEC Deputy Secretary-General Tipsuda Thavaramara said: "Capital market and financial technology are advancing fast, pushing securities businesses to increasingly diversify their operation and services to keep pace with the changing market landscape. Given such conditions, revisions and modifications of the Securities and Exchange Act B.E. 2535 (1992) were proposed to amend certain provisions that are inconsistent with international standards or insufficient to protect investors' interest...
Bangkok, 21 February 2019 ? The SEC has announced key achievements of the past year highlighting establishment of sustainable market foundation, regulatory reform in line with the changing global landscape, and endorsement of international standards. The SEC has also laid out the strategic plan for the next three years (2019-2021) focusing on the optimum use of technologies to enhance market efficiency and facilitate fundraising and investment activities in order to create long term well-being f...
Bangkok, 13 June 2018 ? The SEC has announced that the other six offenders in the share manipulation case against Asset Bright Public Company Limited (ABC) have consented to the civil sanction imposed on them and paid separate civil penalties at the total amount of more than 120 million baht. The six offenders are: (1) Mr. Sathit Roongwatanapak, (2) Mr. Chavin Roongwatanapak, (3) Ms. Tanyapa Sawessil, (4) Ms. Sorod Jantratip, (5) Ms. Iryne Tangpoolcharoen, and (6) Mrs. Saliga Tangpoolcharoen. E...
The Securities and Exchange Commission (SEC) has considered it appropriate to designate 5 May 2023 as an additional special holiday for securities companies and derivatives business operators in line with the Cabinet’s resolution and the special holiday schedule established for financial institutions and specialized financial institutions for the year 2023. _________________________
To avoid disruption to economic activities as securities companies and derivatives business operators are key intermediaries for providing investment services to businesses and the public, the SEC deems it is appropriate to announce that 16-18 November 2022 remain normal working days for capital market intermediaries. However, to facilitate the APEC meetings in terms of traffic and transportation, the SEC requests intermediaries’ cooperation in considering virtual operation or the work-fr...