Derivatives Act B.E. 2546, that would become effective on January 6, 2004. Once the operating system and all market participants are ready, derivatives will be a hedging instrument for operators, investors, and
greater transparency on the market conditions. The Ministerial Regulation has received approval from the Cabinet and is in the process of becoming effective. ■ Approval for the second credit rating agency
Corporate Finance 33 Broker-Dealer 36 Asset Management 43 Investment Adviser 48 Enforcement 53 Market 57 International Cooperation 60 Corporate Affairs Appendices 63 Capital Market Performance 2002-2004 69
85 87 88 102 102 103 Total staff: 422 2 Broker-Dealer Supervision Dept. 36 staff Market Supervision Dept. 9 staff Supervision Dept. 43 staff Supervision Dept. 29 staff Securities Business Senior
for capital raising and mobilization, and become an effective catalyst for sustainable progress and prosperity of the Thai capital market in the years to come. Thailand economic direction is driven by a
principles for governments to follow in developing their regulatory frameworks, recognising the importance of supervisory, regulatory and enforcement authorities in ensuring effective implementation. Broad
corporate governance reduces emerging market vulnerability to financial crises, reinforces property rights, reduces transaction costs and the cost of capital, and leads to capital market development. Weak
to financial crises, reinforces property rights, reduces transaction costs and the cost of capital, and leads to capital market development. Weak https://www.sec.or.th/cgthailand/TH/Documents
determinant of the degree to which shareholder rights are protected is whether effective methods exist to obtain redress for grievances at a reasonable cost and without excessive delay. The confidence of
vulnerability to financial crises, reinforces property rights, reduces transaction costs and the cost of capital, and leads to capital market development. Weak https://www.sec.or.th/cgthailand/TH/Documents