Bangkok, 14 October 2020 – SEC proposes measures for witness protection in order to increase the efficiency of law enforcement and provide protection to informants and witnesses in capital market cases. Under the proposed measures, the protection will extend to cases which are still under SEC’s investigation. SEC invites public comments on this matter. SEC will also hold a hearing with focus group which includes public, and related private and public sectors on 22 October 2020.
The Office of
Securities and Exchange Commission (SEC) is considering amendments
to the laws administered by SEC in order to increase the
efficiency of law enforcement. The Agency proposes to establish witness protection
measures which can be granted during the stage of SEC’s investigation. The measures
will provide SEC another prospect to obtain credible information and evidence that
will enable the Agency to bring more legal actions, either criminal or civil,
against offenders. Whereas the informants or witnesses, who provide
information or evidence to SEC official, will receive protection for safety of his/her
life and property.
SEC invites public
comments on the proposed witness protection measures that will be added into
4 Acts* administered by SEC. The Agency will, in addition, hold a holding
a hearing to seek comments from public, and related private and
public sectors on 22 October 2020 from 2:00 p.m. - 4:30 p.m. at SEC office. Interested
parties can reserve seats at 0-2263-6553 or e-mail to pitchayai@sec.or.th.
Details of the proposed amendment are available at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=659. Stakeholders and
interested parties are welcome to send comments or suggestions by 16
November 2020 via the website or e-mail to pitchayai@sec.or.th.
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Note:
*4 Acts are the Securities and Exchange Act B.E. 2535,
the Derivatives Act B.E. 2546, the Trust for Transactions in Capital
Market Act B.E. 2550 and the
Emergency Decree on Digital Asset Businesses B.E.2561, which is the
implementation of Section 13 of Act on Legislative Drafting and Evaluation
of Law B.E. 2562.