Ruenwadee Suwanmongkol, Secretary-General of the SEC, leads the capital market team Develop towards sustainability

Ruenwadi Suwanmongkol Secretary-General
The Securities and Exchange Commission (SEC)

SEC leads the capital market
Develop towards sustainability

Amidst the dynamic changes in the digital age that make it difficult to predict things. In the world, it's getting harder and harder to do. Global capital markets, including the Thai capital market, are the sectors that face these trends the most and must adapt to cope before others. The implementation of policies by the agencies responsible for regulating the capital market is therefore very important.

During this remarkable time Ruenwadi Suwanmongkol, Secretary-General, Office of the Securities and Exchange Commission (SEC) who took up the position on May 1, 2562, has laid down guidelines to drive the Thai capital market The focus is to be in line with the principles of the 20-year national strategy, including responding to the capital market development plan for 2560-2564 to create an ecosystem that is up-to-date with the situation and develops towards the sustainability of the Thai capital market.

Raise the level of investor protection
Accelerate closing legal gaps

Ruenwadi said For enhancing investor protection, measures will be taken in several dimensions.

 first dimension is to raise the level of receiving complaints This can be done within the SEC's organization. People can report it 24 hours a day, 7 days a week. For example, being deceived into investing can happen at any time. Or scams to invest in Pyramid schemes under the guise of investing in securities are very common these days. Therefore, going in to receive the complaint first and then separating the matter later can determine how to proceed or forward it to which agency.

   Second dimension Strengthening awareness of relevant laws Because when new legislation is passed The SEC also has a duty to create understanding for the public. After the Securities Act The new version is effective and must provide knowledge to investors, including the Digital Assets Act. which has been in effect since 2561 as well

It will start by organizing seminars to provide knowledge in Bangkok first. Including preparing seminars to create awareness of laws related to investor protection in the Thai capital market, such as class action laws, in cooperation with the Thai Investors Association to make investors aware of their legal rights.

 third dimension Consideration of amendments to various laws By studying the existing legal mechanisms. The team has been assigned to collect information in preparation for the next amendment to the securities law. Because the context is always changing. This can be seen from the 2561 draft amendments that have been filed to propose amendments to the law since 2559. It is a matter of time, but the capital market context does not stand still. And in addition to proposing new laws Relevant laws must also be reviewed for efficiency and modernity.

“When it comes to enforcing the law effectively, I would like to use my experience working at the Ministry of Justice to strengthen the work process. The SEC is more efficient. Including amending laws directly related to capital markets and other laws. related"

Follow the full Exclusive Interview column in the July 2562 issue of Finance and Banking Journal, Issue 447, on leading newsstands nationwide. or in digital form https://goo.gl/U6OnIi