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

) and was reappointed as Chairman of the Asia-Pacific Regional Committee (APRC) for a second consecutive term, thus a timely opportunity to carry on with the regional campaign for consistent cooperation

in raising funds for both public and private sectors, thanks in large part to the cooperation among the SEC, capital market organizations and listed firms in underlining the importance and

Thai capital market today results from the cooperation and support of all market participants including staff of the SEC. In this connection, on behalf of SEC commissioners, I would like to express my

stronger independence from the government and improved enforcement capacity and cooperation; > Updating and clarifying SET and SEC guidelines and regulations to remove redundancy and make them easier to

borrowing and lending, and joint venture management. As a result, any intermediary wishing to operate only brokerage business, for example, would have to meet the high minimum paid-up capital rule despite its

confident that with their cooperation and support, the capital market will continue to play the central role as the country’s fund mobilization center contributing to the progress and prosperity of Thailand

operators’ provision of or involvement with crypto deposit taking and lending services Under the SEC’s policy, digital asset business operators are not allowed to provide or support deposit taking and lending

prohibition of digital asset business operators’ provision of or involvement with crypto deposit taking and lending services Under the SEC’s policy, digital asset business operators are not allowed to provide

or involvement with crypto deposit taking and lending services Under the SEC’s policy, digital asset business operators are not allowed to provide or support deposit taking and lending services to