development of the financial reporting ecosystem; it is our belief that for the financial reporting to be reliable, the stakeholders in the ecosystem should be aware, and have a good understanding, of their
over the years, and market participants are not always aware of current requirements or best practice. The SEC is not fully independent of the government, and cannot bring civil actions or collect
to be aware of foreign exchange risk as well as market risk. In 2002, since the Bank of Thailand have limited the amount of money that such fund can invest abroad, the SEC has to select only five
training sessions on financial reporting standards, auditing standards, emerging regulations, and the development in the accounting professions. The SEC is aware of the importance of technological disruption
Thailand Taxonomy Board The Thailand Taxonomy Board is established to develop Thailand Taxonomy, a classification system of economic activities deemed as environmentally-sustainable. The Board comprises agencies from both the public and private sectors to ensure all sectors’ views are reflected. In the initial phase, the list of agencies is as follows: 1. Bank of Thailand (BOT)* 2. The Securities and Exchange Commission, Thailand (SEC)* 3. Office of Natural Resources and Environmental Policy and...
Annual Report 2009 1 Annual Report 20092 Over the past year, the Thai economy experienced a recession for the first time since the Asian economic crisis in 1997. The first quarter saw a 7.1 percent contraction as a result of sluggish export in the midst of global financial crisis, diminishing demand of domestic private sector, and lack of confidence in economic and political directions. All these factors played out against a backdrop of weakening economies of our trade partners worldwide, which...
listed firms and cooperation from all sectors that are aware of and participate in good corporate governance practices. The SEC also placed priority on developing new investment products that are of high