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SEC and business operators in capital market reaffirm service continuity amid COVID-19 situation

Wednesday 25 March 2020 | No. 64 / 2020

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.