JOINT DRIVE SET, watchdog map out areas of promotion
The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) have made a commitment to promote Thailand's capital market after a recent meeting between executives of the two organisations.
The two parties have agreed to continue ongoing collaboration in three key areas. First is "One Stop Service" centre, which will start to provide services for listed companies in September this year. Second is "One Report" which will be implemented next year, aiming at reducing two forms of report - the annual registration statement (Form 56-1) and annual report (Form 56-2) - to be a single form of report in order to cut redundancy. Third is "One ESG", designed to drive ESG development among listed companies by focusing on implementation. Moreover, the two organisations will debut their collaboration in research by starting with studying investors' behavioural cluster and the study will provide input for formulating long-term policies, SEC Secretary-General Ruenvadee Suwanmongkol said.
SET President Pakorn Peetathawatchai said under the SET's key strategy "Creating Partnership Platform to Drive Inclusive Growth," the bourse aims to become a comprehensive platform for the Thai capital market. SET has enhanced ease of accessing funding sources for the real sector and has also continuously promoted sustainability for inclusive growth.
Therefore, the cooperation with the SEC and related parties towards a holistic approach will drive the capital market to benefit the economy, the society and the country sustainably.
