Bangkok, 31 January 2020 – The SEC is seeking public comments on the draft proposal to extend the scope of businesses eligible to enroll in the Regulatory Sandbox for Capital Market Innovation Development Program to allow business operators equipped with innovations to test their services directly with customers.
Essentially,
the draft proposal aims to allow three more types of businesses to participate
in the Regulatory Sandbox to support more efficient provision of capital market
services, namely: (1) securities brokerage, securities dealing, securities
underwriting, mutual fund management and securities borrowing and lending (SBL)
(currently only investment advisory and private fund management businesses are
eligible for the program), (2) derivatives clearing house business, and (3) the
securities trading center and derivatives trading center businesses.
In this regard, the related regulations on the preparation of projects for innovation
testing and development would be amended to allow entrepreneurs with useful
innovations to provide their products or services to customers under certain
limitations. As a result of this proposed amendment, the Regulatory Sandbox
would cover both pre-trading and post-trading activities in the capital market.
The consultation paper is available at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=600. Stakeholders and
interested parties are welcome to send comments or suggestions to www.sec.or.th
or e-mail: piyaruj@sec.or.th or wasu@sec.or.th. The public hearing ends on 28 February2020.
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