Thailand - Special Kinds Of Business - Securities

1. Introduction

The Securities business in Thailand is regulated by the Securities and Exchange Act B.E.2535 (1992), which is a new Act replacing the previous Securities Exchange Act. This Act creates and controls both the primary market and the secondary market. The purpose of this Act is to permit major development of and boost financial instruments in the Thai capital markets in order for the market to become efficient, international and global. The Securities and Exchange Commission (SEC) which has extensive powers to control and regulate the capital markets and securities industry. These powers include establishing polices and promulgating relevant rules and regulations for the promotion control and supervision of securities business, the stock market, Over-the -counter centres and organisations related to the securities businesses, issuing or offering of securities for sale to the public, the acquisition of securities for taking over and the prevention of unfair securities