SEC in a modern and modern era, accepting the New Normal, adjusting the criteria for accepting stock trading orders at home!

Ms. Ruenwadee Suwanmongkol, secretary-general of the Office of the Securities and Exchange Commission (SEC), revealed that the SEC has revised the rules for business operators to accept trading orders for products in the capital market outside their offices. To include working from home (Work from Home) For securities business operators and derivatives business operators to reduce the burden of convenience Increase flexibility in doing business and support the new normal (New Normal) from the spread of the Covid-19 virus

This will be effective from September 1, 64 onwards. aims to help business operators have more flexibility in providing services to investors. There must be adequate measures to take care of the interests and information of customers. There must be an adequate and appropriate work system and risk control. especially Confidentiality of Customer Trading Data and Cyber ​​Security which must not be less than the service provided in the office.”

The SEC has also revised the rules for offering shares issued by foreign companies (foreign listing) to reduce the period of advice for financial advisors (FAs) from 3 years to 1 year, which is equivalent to the rules. for Thai companies To enhance the competitiveness of the Thai capital market The improvement of the above criteria will reduce the burden of raising funds for foreign companies that want to raise funds in Thailand. where there is still a mechanism to protect investors’ rights These criteria are effective from September 1, 2021 onwards. “The SEC is ready to support the use of the capital market as a source of fundraising. by reducing the burden and obstacles from unnecessary rules According to the resolution of the Capital Market Supervisory Board on March 16, 64, to improve the criteria that stipulates that FAs participating in the application for approval must jointly monitor and advise applicants for issuance and offering of shares for a period of time. 3 years for issuance and offering issued by foreign companies, reduced to 1 year

In this regard, foreign companies must prepare and submit information or reports in accordance with the rules of the SEC and the Stock Exchange of Thailand, just like Thai companies, and must prepare Regulatory Mapping to compare the laws of the country. where the company is located with Thai law by having to provide alternative measures If the foreign law is significantly different from the Thai law on issues that affect the rights of investors as well.