One of the SEC Strategic Plan’s goals is to build competitiveness by enabling a regulatory framework that supports standardized regulations. The regulatory guillotine scheme* under the Strategic Plan aims to standardize the SEC regulations in line with the changing situations to ensure that only necessary regulations are issued and enforcement is effective. In any case, appropriate investor protection remains intact while business operators still have convenience for business operation. The SEC...
proposed amendments to such criteria to reduce redundancy and inject flexibility for reporting parties while ensuring that data users receive sufficient information within an appropriate time. Having
investment account. In this regard, investors are usually requested to give the same information repeatedly when open a new account with different intermediaries. Such redundancy causes inconvenience and a
competitiveness of Thai capital market and will continue to implement projects agreed in the first quarter, aiming at achieving best results in a timely manner. We support listed companies, reduce redundancy as
, registrars, depositories and regulators – to examine bond information more conveniently and rapidly while benefiting from less redundancy and shorter timeframe for book closing process. ThaiBMA’s
(KYC) process.(2) Encouraging the use of the NDID platform for the elimination of redundancy in identity proofing process. The platform is trustworthy regulated under the laws, decreases the burden
manner, which in turn helps facilitate data transmission in an efficient, transparent, cost-reduction, paper-reduction and redundancy-minimizing way. Data transmission in the electronic, machine-readable
stability and prevents systemic risk to promote sustainable financial market growth, and worked closely with the Stock Exchange of Thailand to reduce redundancy and facilitate the business sector.?SEC has
. This collective cooperation will ensure consistency in the supervision and protection of personal data in the financial sector without redundancy, while reducing burdens or costs of business operators
, consumers may not receive any protection. In addition, widespread adoption could result in fragmentation and redundancy within the payment system, leading to higher costs for consumers and businesses.3