SET, SEC offer ‘one-stop’ service
The Stock Exchange of Thailand (SET) has joined with the Securities and Exchange Commission (SEC) in unveiling the new “One-Stop Service” project, an initiative that is part of SET’s “Creating Partnership Platform to Drive Inclusive Growth” strategy to provide a full range of services to listed firms and those interested in mobilizing funds and financial advisors.
The end-to-end platform offers advice spanning fundraising to regulations quality development, in order to effectively facilitate convenience, and eliminate overlaps.
“The SEC is committed to developing and sharpening the Thai capital market’s competitive edge. The One-Stop Service is among the projects stemming from an integrated undertaking between the SEC and SET made at the joint meeting on June 1, 2019 in which the SEC promised to push any mutually agreed project for swift action to facilitate fundraising for listed companies and potential issuers, reduce overlaps and contact burdens concerning regulatory compliance,” SEC Secretary-General Ruenvadee Suwanmongkol said. “For the One-Stop Service project, we have outlined our co-working plan and set up an advisory team to make sure that it will substantially contribute to our mutual goal of increasing service efficiency and developing a sustainable capital market.”
SET President Pakorn Peetathawatchai added that with the support and cooperation from the SEC in driving the Thai capital market development, SET would prioritse working for the benefit of market participants. “We have come up with this One-Stop Service to efficiently and effectively provide advice concerning fundraising, financial advisers in compliance with post-listing rules set by both the SET and the SEC, as well as quality development to benefit listed companies, pre-IPO firms, and financial advisers. From now on, the current listed companies and potentials wishing to raise fund through the stock market can contact SET’s relationship manager of each sector. This new platform will combine and balance both advanced tech and human touch. Moreover, the answering service regarding fundraising and regulations is also available,” he said.
This one-stop service kicked off yesterday (September 24). In addition, SET continuously improves service efficiency for listed companies through the SET Link system that gathers information, regulations, practice guidelines, announcements and activities related to listed companies.
