Strengthening rules and regulations between now and 2018 is necessary, as after that, the SEC as well as other key financial regulatory organisations will be subject to evaluation under the International Monetary Fund's and World Bank's Financial Sector Assessment Programme (FSAP), Rapee said.
He told the seminar that the SEC would revise the rules to cover all parties including listed companies, financial advisers, accounting, financial management, corporate governance, environment, social and governance (ESG) areas, investors, e-proxy systems, e-voting, and takeover codes.
"When we [achieve] the FSAP's standard, it will challenge Thailand's capital market to [attract] foreign investors and foreign funds to expand their investment [here]," he said.
He added that the SEC was also revising rules on the issuance of securities by both local companies and the government and corporates in the Great Mekong Subregion.
"Our three-year strategy will drive Thailand's capital market to have rules that meet international standards and transparency, and challenge investors to expand their involvement in our market.
"We aim to be the capital hub in this region," he said.