In the past, SEC had been approving securities business operators to assign outsourcing in other operations related to businesses for the effectiveness and flexibility of the operation. Business providers are still responsible for any actions operated by the outsourced company while the outsourced company must also have the readiness in both personnel and the operating system, and such operation must be under appropriate supervision.SEC is revising the regulations regarding supervision of...

The Securities and Exchange Commission (SEC), led by Secretary-General Pornanong Budsaratragoon, along with SEC executives, held a joint meeting with the Custodian Club, led by President Utumporn Viranuvatti, and club members, to discuss strategies for elevating the efficiency in the standards of post-trade services of investment management companies. Both parties also exchanged views on the roles of custodians under draft amendments to the Provident Fund (PVD) Act and within the securities trad...

Thai Listed companies step forward in raising standard and reliability of the ASEAN region by promoting good corporate governance practices at international level, as such creating recognition of the

SEC and the OAG will collaborate to exchange practical knowledge and experience to elevate the audit quality of listed companies as a whole, which is very important to Thai capital market. This

reliability of financial reporting by selecting suitable accounting policies and implementing effective internal control systems. In other words, they are the first line of defense in financial reporting. Next

accounting system and a financial reporting preparation process to support SMEs’ fundraising in the capital market. Numerous integrated initiatives have been undertaken to maintain the reliability of the

SEC Secretary-General Rapee Sucharitkul revealed that “independence of the auditor is a key factor in establishing the reliability of the financial reports. When the international standards on this

elevate their audit work quality to be on par with bigger audit firms. This means the work plan that the SEC supports is a success and the quality of small and medium-sized audit firms is on the rise. In

the TSQC 1 as ‘acceptable.’ Audit firms conducted root cause analysis and implement action plan to elevate the quality of quality control system in response to the SEC’s findings. Some audit firms

possesses strong financial position and reliability. It is, therefore, deemed necessary to determine the minimum paid-up registered capital of such person.