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SET Building Construction Fund
In 1992, the Board of Governors of the SET
approved an appropriation of general funds totalling
Baht 580 million for the construction of SET buildings.
Construction of the office buildings was completed in
1998. The remaining fund balance of Baht 246.30
million is reserved for further construction of a parking
building.
In 2008, the Board of Governors of the SET
approved the construction of the car park building from
the above mentioned remaining fund balance. In 2014,
the Board Governors of the SET approved the transfer
of the remaining fund balance to general fund. (2013:
Baht 7.77 million).
StaffWelfare Fund
In 1997 and 2004, the Board of Governors of the
SET approved appropriations of general funds was
Baht 75 million to the Staff Welfare Fund. All benefits
earned from this fund are retained in the fund.
Securities Investor Protection Fund
In 2004, the Board of Governors of the SET
approved an appropriation of Baht 300 million from
broker seat admission fees as an initial fund for the
establishment of the Securities Investor Protection
Fund (SIPF).
The SIPF was formally established under SIPF
regulations on 1 October, 2004. The objective of the
fund is to protect and build investor confidence in trading
listed securities on the SET through the members of
the SIPF. As of 31 December ,2014, 33 SIPF members
from securities companies (2013: 33 SIPF members).
The assets of SIPF consist of:
1) the initial fund from the SET of Baht 300 million;
2) the cumulative membership entrance fees and
monthly fees collected from the members; and
3) the future benefits generated from investments
in the SIPF.
SIPF will protect the investors’ assets which are in
the custody of the securities brokers who are members
of the SIPF. In the event that the members of the SIPF
fail to return the assets to investors, each investor shall
be compensated by the SIPF for the related damages
at the actual cost, but not exceeding Baht 1 million
per SIPF member, in the following cases:
1) if any SIPF member is in receivership under the
Bankruptcy Act or
2) if there are disputes concerning the purchase or
sale of securities listed on the SET between investors
and any SIPF member, and the arbitrator’s award is that
the SIPF member shall return the assets to investors,
but the SIPF member violates the award.
The protection will not include any losses
from securities trading regardless of who makes
the investment decision.