Bangkok, Thursday 18 July 2019 - SEC is seeking comments on the criteria for annual fee regime for intermediary business operators, in order that the fee regime shall be equal and fair to every type of licensee and appropriate for the cost of supervision, and will be less complicated and easily applied.
SEC has a responsibility for the supervision and development of the
Thai capital market so as to ensure that it is effective, transparent, and
reliable and is accessible by every sector of capital market. In order to do this, the Thai capital market
must rely on the driving force of the intermediary business operators in driving and strengthening the capital market to become an
effective vehicle of investor’s wealth creation and the fund raising of issuers.
SEC supervised the intermediary and has collection of annual fees at the
current rate for some time.
SEC, therefore, has a plan to revise the
criteria in order to keep it current.
Consideration is given to the fact that the rates of fee should be
equivalent, simple, and appropriate for the capital market environment , for
example, transactions that are subject to variable fee rates shall be based on volume
they made; and the intermediaries that enter
into the same type business activities shall pay the same rates of fee; or fees
shall be collected from certain types of transactions that are currently not
subject to any fee. In addition, the
rates of fee should be easily applied under the principle of ease of doing
business, for example, each party shall pay the fee once a year in order to
reduce the burden of business operators who, at present make payments of fees
several times a year.
SEC
has made the public hearing document available at www.sec.or.th/hearing . Related persons
and interested parties may express their comments at the website or send
comments to e-mail benja@sec.or.th or sawarin@sec.or.th until 20 August 2019.
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