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Agricultural Futures Trading Act (B.E. 2542).

País/Territorio
Tailandia
Tipo de documento
Legislación
Fecha
1999
Fuente
FAO, FAOLEX
Materia
Agricultura y desarrollo rural
Palabra clave
Productos agrícolas Institución Fondo especial Medidas financieras agrícolas Subvención/incentivo Procedimientos judiciales/procedimientos administrativos Derechos/cánones Comercio interior Autorización/permiso
Área geográphica
Asia, Asia y Pacifico, Mares del Asia Oriental, Océano Índico, Asia Sudoriental
Resumen

The present Act lays down provisions relating to future tradings meaning for the purpose of the Act the purchase and sale of an agricultural commodity by open auction on the Exchange for taking or making delivery of the agricultural commodity at a later date in the agreed quantity and at the agreed price in accordance with the principles, procedures, and conditions prescribed by the Board of Directors of the Exchange. Section 5 establishes that there shall be an Agricultural Futures Trading Commission (AFTC) with the power to formulate policies to promote and develop as well as to supervise futures trading and businesses concerning or in connection with futures trading. The afore-mentioned Commission shall have the following power and duties to: 1) issue rules, regulations, notifications, orders, and requirements under this Act; 2) prescribe principles, procedures, and conditions for the application for and the issuance of a futures trading business license; 3) prescribe fees for the application for and the issuance of a futures trading business license; 4) approve the amount of subsidy and contribution which the Exchange earmarks for the Office and the Exchange Development Fund to approve rules, regulations, notifications, and orders issued by the Board of Directors of the Exchange; 6) prescribe principles and procedures for the Secretary-General’s review and determination of a dispute ; 7) suspend futures trading; 8) order the Futures Trading Business operator or the Exchange to explain and report on as well as have power to order an investigation into facts concerning futures trading. The text consists of 165 sections divided into 8 chapters as follows: Supervision of agricultural futures trading (I); Future trading business (II); Agricultural Future Exchange (III); Operation of the Exchange (IV); Supervision (V); Appeal Committee (VI); Competent official (VII); Penal provisions (VIII).

Texto completo
Inglés
Página web
www.thailaws.com

Referencias - Legislación

Enmendado porr

Agricultural Futures Trading Act (No. 2) B.E. 2550.

Legislación | Tailandia | 2007

Palabra clave: Productos agrícolas, Autorización/permiso

Fuente: FAO, FAOLEX

Revocado por

Act repealing the Agricultural Futures Trading Act B.E. 2542, B.E. 2558 (2015).

Legislación | Tailandia | 2015

Palabra clave: Productos agrícolas, Comercio interior, Medidas fiscales y de mercado

Fuente: FAO, FAOLEX