The SET group consists of The Stock Exchange of Thailand (SET) including subsidiaries and affiliates
which can be divided into two main business groups according to the business structure of the SET group as follows:
Core Exchange Function
The business function is directly associated with the SET business as stipulated in the Securities and Exchange Act. This function consists of the following SET subsidiaries and affiliates:
SET was incorporated under the Securities Exchange of Thailand Act, B.E. 2517 (1974) to be the center for the trading of listed securities, and to provide related services, operating on a nonprofit-sharing basis. SET’s role is to promote savings and longterm capital fundraising for the country’s economic development. Currently, SET operates under the legal framework of the Securities and Exchange Act, B.E. 2535 (1992). SET’s core operations are the listing of securities, the supervision of information disclosures by listed companies, the securities trading & surveillance, the monitoring of member companies involved in securities trading, as well as the dissemination of information and the promotion of education among investors.
TFEX was established as a derivatives exchange, governed by the Derivatives Act B.E. 2546 (2003) and under the supervision of the Securities and Exchange Commission (SEC). TFEX is allowed to trade futures and options, where the permitted underlying assets are equities, debt instruments, commodities, exchange rates, other indices and others as may be announced by the Securities and Exchange Commission (SEC).
TNVDR is responsible for executing the purchase or sale of those listed company shares whose investors wish to trade through NVDRs. This service is offered to all, irrespective of the number of securities held or the holder’s nationality. NVDR holders receive the same full financial benefits as they would receive had they invested directly in shares (i.e. dividends, rights, and warrants) but there are no voting rights for NVDR holders.
Remark: Thai Trust Fund Management Co., Ltd., a SET subsidiary, has been approved to cease operating the securities business and has returned the license to The Securities and Exchange Commission (SEC). Consequently, Thai Trust Fund Management Co., Ltd. has already changed its name to TTF Corporation Limited, with amended corporate objectives submitted to the Department of Business Development, Ministry of Commerce.
New Business & Infrastructure Development Function
The function focuses on new businesses or businesses related to infrastructure development to support SET’s operations and to build solid infrastructure foundation for the capital market stakeholders. The function does not only enhance service quality by reducing redundant processes of the overall industries but also cuts operational costs of the whole industries. The function consists of the following SET subsidiaries:
SET Venture Holding Co., Ltd. (SVH)
SVH is a holding company that invests in subsidiaries engaged in all new business and infrastructure development.
LiVE is a service provider platform that enhances the strength and competitiveness of SMEs and Startups through professionallycurated educational contents, services to heighten the organization’s capability, and entrepreneurial development programs to prepare them for the capital market.
Shareholding Structure of The Stock Exchange of Thailand (SET) in Other Companies
TSFC Securities PCL (TSFC)
TSFC is to be the main source of securities funding for both securities companies and investors. It was established to complete credit services for the securities financing in accordance with the needs of securities business and support the government policies to help and develop the country’s securities and capital market businesses.
TRIS Co., Ltd. (TRIS)
A credit rating institution to assess the creditworthiness of debt instruments for investors to make an informed decision.