Bangkok, 29 June 2021 – The Securities and Exchange Commission (SEC) is seeking public comments on a drafted amendment to the regulations governing personnel in the capital market businesses by extending the period for approval renewal to be on any business day until the last business day of the year. The proposed amendment aims to give the capital market businesses more time to submit an application for renewal of approval, and reduce redundant processes and cost burdens on personnel in the capital market businesses.
Essentially,
the draft amendment to the regulations governing capital market business
personnel would (1) extend the period for renewal of approval to be on any business
day until the last business day of the year wherein the approval will expire, and
(2) require the business operator to submit an application, notify the
commencement and termination of duty performance, and renew the approval for
the personnel working for them.
In
late last year, the SEC sought stakeholders’ opinions on the principles of the
proposed amendment and most agreed with the proposal. Currently, the SEC is
seeking public comments on the proposed amendment to two relevant notifications
prescribing the regulations on capital market business personnel.
The
consultation paper is available at https://www.sec.or.th/EN/Pages/PB_Detail.aspx?SECID=724. Stakeholders and
interested parties are welcome to give comments and suggestions via the website
or email: nattarika@sec.or.th or rattaya@sec.or.th. The public
hearing ends on 27 July 2021.
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