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The Thai Capital Market began in the 1960s. The Second National Economic and Social Development Plan (1967-1971) proposed that a supervised orderly securities market be established. The Plan stressed that the market's most important role would be to assemble funds to support Thailand's industrialization and economic development
The modern Thai capital market can be divided into two phases. First, the privately-owned "Bangkok Stock Exchange" was opened. However, it closed down shortly after due to lack of official support. In 1974, "The Securities Exchange of Thailand" was founded with official support and proper supervision. In 1992, the Securities and Exchange Act finally created the much needed legal framework which greatly improved the securities of business regulations.
The Securities and Exchange Commission (SEC) is the supervisory agency that regulates the Thai Capital Market. The SEC oversees the development of the Kingdom's capital market. Furthermore, The SEA provides a clear separation between the primary and the secondary markets.
The SEC carefully reviews the financial status and operations of the company before allowing it to issue securities to the public in the primary market. All companies must first apply for SEC approval and meet with its filing requirements. Once the issuer has been granted approval by the SET their securities may be traded in the secondary market.
ww.set.or.th
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