PUBLISHED: 28 Mar 2025 at 03: 00
A act to improve the effectiveness of regulating stock trading was approved by the government yesterday.
The Finance Ministry’s proposal for a costs was accepted in theory, according to Deputy Government Spokesman Karom Polpornklang.
The costs will be sent to the Council of State for evaluation, he said, and he added that the Department of Special Investigation, the Attorney-General, and the Office of the Judiciary will provide feedback as they work to improve the regulations.
According to Mr. Karom, the cabinet also gave the Securities and Exchange Commission ( SEC ) instructions to develop measures to increase the efficiency of its staff members and work with organizations to investigate allegations of violating the Securities and Exchange Act.
The bill’s essential provisions include strengthening the authority of securities issuers and listed companies, as well as improving the quality of the quality of capital industry professionals.
Additionally, the bill seeks to strengthen constitutional safeguards to prevent possible damages, identify illegal activity, and authorize asset management.
Moreover, it would allow investigations into cases that could have a significant impact on confidence in the economy or the money market, according to Mr. Karom.
The bill establishes fines for non-compliance and mandates that reports on major events been submitted to the SEC. These steps are intended to connect the activities of law enforcement.