associated rules and regulations to the Ministry of Finance and the Cabinet for necessary approval, accordingly. 2. Liberalization of brokerage fees To allow sufficient time for the securities industry to

Bangkok, November 23, 2009 ? The SEC Board Meeting No. 13/2009 today passed resolutions on the following matters: 1. Brokerage fee liberalization  The SEC Board approved the Stock Exchange of

the competitiveness of the business operators in response to the Capital Account Liberalization Plan of the Bank of Thailand. In the future, the Plan will permit general investors to invest directly on

businesses and mergers among securities firms in preparation for the upcoming securities business liberalization. Under the relaxed rules, the firms are allowed to categorize the accounts receivable incurred

proposal aims to provide adequate mechanism to support the upcoming liberalization of securities business and promote new financial products which the business operators may expose to compliance risk

corporate governance, securities business liberalization and enforcement. The SEC also confirmed the Thai capital market?s readiness to enter the Financial Sector Assessment Program in 2007 with

the society in some ways. This is also a great opportunity for our SEC family to share happiness with our fellow Thais.   “SEC Staff is very pleased to be a part of social sharing through the Pantry

policy matters with potential impacts on the capital market; 4. Securities Business Liberalization: The liberalization process should be expedited and take effect before the announced five years? lead

companies to establish a good internal control to prevent risks associated with such matter.For the ASCO?s request to postpone the plan for liberalization of brokerage commission fees and securities business

: ?Securities companies need to make business adjustment in preparation for intensifying competition arising from the liberalization of brokerage fees. One of the first things to do is getting their work systems