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Organization of the SEC
The SEC organizational structure comprises three tiers of authority, namely:
1. The SEC Board responsible for policy-level regulations and oversight of market development;
2. The Capital Market Supervisory Board supervising securities businesses;
3. The SEC Office implementing policies, inspecting licensed/approved corporations and individuals, and developing financial products.
Meanwhile, the Audit Committee ensures that efficient internal control is in place and the SEC operation complies with corporate governance principles.
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SEC Board
The SEC Board oversees the overall capital market and formulates policies for promotion and development under the Securities and Exchange Act (SEA), which prescribes international standard structure, transparency and independence of the SEC Board by separating the roles and responsibilities of Chairman from those of Secretary-General. The SEC Board comprises:
Chairman appointed by the Cabinet upon the Finance Minister’s recommendation;
Commissioners, namely:
1. Permanent Secretary of the Minister of Finance;
2. Permanent Secretary of the Minister of Commerce;
3. Governor of the Bank of Thailand.
Expert commissioners at least four but not more than six persons appointed by the Minister of Finance as proposed by the Nomination Committee, which is also appointed by the Minister of Finance. Expert Commissioners must have qualifications and do not possess prohibited characteristics as specified by law, and at least one expert in the fields of law, accounting and finance, separately;
Secretary-General as commissioner and secretary.
Chairman, expert commissioners and secretary-general each hold office for a four-year term and upon completion of their term may be reappointed but not for more than two consecutive terms.
Currently, the SEC Board comprises 11 members, as follows:
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Capital Market Supervisory Board
The Capital Market Supervisory Board (CMSB) has the power and duty under the Securities and Exchange Act that include issuance of rules and regulations governing the securities industry and reporting to the SEC Board.
The CMSB comprises:
Chairman is SEC Secretary-General;
Board members, i.e.:
1. SEC Deputy Secretary-General assigned by SEC Secretary-General
2. Director-General of the Fiscal Policy Office
Expert Board members not exceeding four persons appointed by the Minister of Finance as proposed by the Nomination Committee. Expert Board members must have qualifications and do not possess any prohibited characteristics as specified by law, and at least two of whom having management experience at listed or securities firms.
Expert board members each hold office for four-year term and upon completion of their term may be reappointed but not for more than two consecutive term.
Currently, the CMSB comprises seven members, as follows:
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Last updated on
17 November 2017
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