The House of Representatives has unanimously accepted in principle a government-sponsored bill to amend the Securities and Exchange Act, paving the way for the issuance and trading of securities in electronic form while strengthening regulatory oversight of electronic securities transactions.
The bill was approved on Wednesday by all 455 lawmakers present during a parliamentary session chaired by First Deputy House Speaker Mallika Jirapunvanit. A 25-member committee was later appointed to scrutinise the proposed legislation.
