market will be developed towards greater efficiency, trustworthiness, gaining recognition and interests from investors and parties wishing to raise fund at an international level. Participating in
person shall establish limited company or public limited company to undertake securities finance business. The company so established shall have formation of shareholders and their proportion of
so established shall have formation of shareholders and their proportion of shareholding as specified the SEC. Upon the establishment of limited company or public limited company shall file an
currencies. The BOT views that corporate governance practices are fundamental to the efficiency, transparency and trustworthiness of commercial banks, and conducive to stronger competitiveness, added value
currencies. The BOT views that corporate governance practices are fundamental to the efficiency, transparency and trustworthiness of commercial banks, and conducive to stronger competitiveness, added value
trustworthiness in regard of undertaking such securities businesses; "major shareholder" means any person directly or indirectly holds shares of securities company exceeding ten percent of voting shares of such