Bangkok--9 Aug--SET
The Stock Exchange of Thailand (SET) is examining ways of updating its regulatory system and ensuring compliance from brokers, listed companies and others.
SET's Disciplinary Committee will meet to discuss improving rules and regulations, dealing with contraventions, and imposing appropriate sanctions on offending parties. The current rules have been in effect since 2000, and there's now an obvious need to make the system more relevant, transparent and efficient, said SET Executive Vice-President Mr. Suthichai Chitvanich.
SET has invited the presidents and heads of compliance units from every member company to the Disciplinary Committee’s meeting on August 10, at the Capital Market Academy. Representatives of Compliance Club and Association of Securities Companies will also attend to share their views and discuss developments in regulation.
The focus will be partly on clarifying the current rules regarding transgressions and sanctions. SET is concerned about misconduct, such as where members' officers have been inappropriately involved in their customers' accounts, sending inappropriate orders, or allowing clients to trade beyond their credit lines. There will also be discussion of specific cases where the rules are inadequate or vague, such as those covering internet and basket order trading.
The meeting is intended to facilitate the work of authorized traders and member companies' compliance units, by providing them with clearer and more practical guidelines.
The Disciplinary Committee’s members are Mr. Kampanart Lohacharoenvanich, Mr. Machima Kunjara Na Ayudhya, Ms. Yaowalak Aramthaveethong, and Mr. Sutthi Sookying.
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797