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
principles for governments to follow in developing their regulatory frameworks, recognising the importance of supervisory, regulatory and enforcement authorities in ensuring effective implementation. Broad
accounting standards. While board chair and CEO are generally not the same, the chairman is often not independent and may act as a “full-time” chair. Some market participants also question the effective
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
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
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
benefits of the capital market. Expectations include: Provide opportunities for businesses to operate independently with an effective supervision system in place to ensure an orderly market; Be
approval from SEC Board/CMSB/SEC Office before the notifications become effective * 11. Publicly disclose in the Government Gazette / send the circulars / conduct seminars or dialogues with practitioners
corporate wealth creation. Importantly, the Principles have a proven record as the international reference point and as an effective tool for implementation: They have been adopted as one of the Financial