New SEC head guarantees to rev up examination procedure

Mr Wisit hasactually been designated as the brand-new chairman of the Securities and Exchange Commission. The brand-new chairman of the Securities and Exchange Commission (SEC) has swore to speed up its examination procedure to reduce possible damage triggered by accusations of scams at noted business, in a quote to bringback public self-confidence. Permanent secretary for the Digital Economy and Society (DES) Ministry Wisit Wisitsora-at, who was called chairman of the SEC on July 2, stated that one of the 2 concerns for his veryfirst 6 months in workplace was to lower the regulator’s examination procedure to just “a coupleof months”, as opposed to years in previous cases. By signingupwith hands with the Stock Exchange of Thailand (SET), this is “an immediate concern the SEC should act on rapidly” in order to bringback the self-confidence of Thai financiers, he stated. As the regulator supervises the Thai capital market, the present procedure of determining offenses takes a long time, throughout which the cases affect the market extensively, Mr Wisit keptinmind. “After talking to the SEC group, we requirement to empower the SET more to offer with severe matters from the starting. Having clear investigative standards for each case would aid the authorities procedure their jobs rapidly,” he stated, including that the matter would be put to the SEC board next week. “From now on, the SEC does not have to wait for the SET to sendout the details a
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