Following a report from Maybank Kim Eng and SEC’s further investigation, it was found that from the month of May to 5 October 2016, {A}, who was the company’s executive at the time, had taken important information and business secrets of the company without approval. He later resigned from the company.  

SEC has considered that {A} failed to perform duties with loyalty* and therefore suspended approval for him as capital market business personnel for four years, starting from 29 January 2021. As a result, he is also banned from holding the positions of director and executive of capital market businesses during the suspension period.

SEC reiterates that personnel in capital market businesses must perform duties or provide services with integrity and act in accordance with ethics or professional standards of conduct, especially the executives who oversee compliance of business operators in accordance with the law, standards and ethics of business operation, to build investors’ confidence.

* Pursuant to Clause 23(1) and the prohibited characteristics of personnel in the capital market business under Clause 31(1) of the Notification of the Capital Market Supervisory Board No. Tor Lor Thor. 8/2557 Re: Rules on Personnel in the Capital Market Business dated 3 June 2014, as amended by the Notification of the Capital Market Supervisory Board No. Tor Lor Thor. 48/2560 Re: Rules on Personnel in the Capital Market Business (No. 7) dated 30 August 2017.