one of the most important tools for re-enforcement of the financial market structure. This is because it enables investors to prevent and manage risks that are associated with the volatility of the
achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility
and manage risks associated with market volatility. In addition, it is an important means whereby prices of the underlying products such as securities and gold can be adjusted with greater efficiency
uncertainty and external challenges led by record-high oil prices, fluctuation of foreign capital flows at rapid speed and in high volume, and US subprime mortgage crisis. Yet, the Thai capital market succeeded
downward trend of the equity market was due partly to market correction after a strong surge during the second half of 2003. Nevertheless, there were a number of negative factors shedding uncertainty on the
the execution of electronic transactions which would be deemed as fully legitimate as normal transactions, for example, transactions related to businesses under the SEC supervision, subscription
as fully legitimate as normal transactions, for example, transactions related to businesses under the SEC supervision, subscription, issuance and settlement of securities, and organization of
practices are relatively infrequent considering the overall normal transactions in the capital market; however, damage incurred from a few cases could tarnish the confidence of investors and stakeholders on a
might leave shareholders and other stakeholders with uncertainty concerning their status and implementation. When codes and principles are used as a national standard or as a complement to legal or