In reference to the Cabinet’s resolution at the meeting on 24 March 2020, approving the implementation of the Executive Decree on Public Administration in Emergency Situations to tackle the spread of the novel Coronavirus (Covid-19), which will take effect on 26 March 2020, SEC and business operators in the capital market have made necessary preparations to ensure business continuity in the industry.
Today, SEC and organizations in the
capital market – namely, the Stock Exchange of Thailand Group, the Federation
of Thai Capital Market Organizations (FETCO), the Association of Securities
Companies (ASCO), the Association of Asset Management Companies (AIMC), the
Thai Bond Market Association (ThaiBMA) and the Custodian Club – held a meeting
to discuss and assess the readiness of business operators to deal with Covid-19
situation. All of them confirm the readiness to provide services related to
securities trading continuously and have business continuity plans in case of emergency.
In addition, SEC and the capital market business
operators have already made necessary preparations and discussed guidelines on
business continuity management. Also, respective business continuity plans have
already been put in place to handle situations that may affect business
operation and to reaffirm readiness of the stock exchange, the debt market and the
derivatives market, including the clearing and settlement system, to provide
transaction services to investors.
SEC has found that all regulated business
operators have implemented their business continuity plan to tackle possible
impacts of the Covid-19 crisis. This includes setting up an alternative site, installing
a remote working support system, and delegating remote working teams to
mitigate operational risk, to ensure that the overall operation will run, and
the services to the public will continue, without interruption.
SEC ascertains that investors and the
public will continue to receive securities trading services and other related services
from business operators in the capital market despite the spread of Covid-19. In
any case, investors are advised to study information thoroughly in all aspects before
making investment decisions and stay away from suspicious investment
solicitation and scams. SEC is also coordinating with business operators in
complying with the guidelines of the Ministry of Public Health to curb the spread
of Covid-19 such as social distancing, hygienic mask wearing and implementing
the screening protocols at building entrance.
For further information and inquiries, please call SEC
Help Center Hotline at 1207, available 24 hours a day, 7 days a week, or
contact business operators directly.