Earlier, the SEC conducted a public hearing on proposed principles and draft amendments to the regulations for submission of granular data related to clients' assets and transactions of business operators. The proposed amendments are intended to facilitate monitoring and supervising the risk management of businesses, including systemic risk, ensure a fair and orderly market, to protect investors and the overall capital market. Additionally, this will provide business operators with a comprehensive view of the data, enabling better risk management. Furthermore, the amendments include setting data standards to facilitate the exchange of open data among business operators for better convenience of investors.

After taking the respondents’ opinions and suggestions into consideration, the SEC has issued the amended regulations with the key points as follows:  

(1)  Revising the reporting scope for business operators to require submission of data or documents on a necessary basis and according to appropriate periods to facilitate the SEC’s performance of duties under the law for public interest or investor protection; 

(2)  Revising the reporting forms of clients’ assets and transactions of business operators to support weekly reporting of granular data per client and per securities. The notifications* concerning the amendments will take effect from 1 December 2024 onwards.**

Remark: 

* Notification of the Capital Market Supervisory Board No. Tor Thor. 29/2567 Re: Rules and Periods for Report Submission of Securities Companies, dated 6 September 2024: https://publish.sec.or.th/nrs/10382p_r.pdf  and Notification of the Office of the Securities and Exchange Commission No. Sor Thor. 29/2567 Re: Reporting Forms for Securities Companies and Derivatives Business Operators, dated 6 September 2024: https://publish.sec.or.th/nrs/10381p_r.pdf  

** Including transitional provisions, allowing business operators sufficient time to develop reporting systems in compliance with the new regulations.