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Thai Regulators To Establish Protection Fund For Assets In Safekeeping With Brokers

In Thailand, the SEC plans to establish a new investor protection fund to cover the risk that brokers mis manage assets in safekeeping, according to local press reports. The fund is expected to be worth THB 100 million. The Thailand

By None February 13, 2004 12:00 AM GMT

In Thailand, the SEC plans to establish a new investor protection fund to cover the risk that brokers mis-manage assets in safekeeping, according to local press reports. The fund is expected to be worth THB 100 million.

The Thailand Securities Depository (TSD) has operated a compensation fund to protect the assets of market participants since March 1995.

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