A stock-trading board for shares of small and medium-sized enterprises will be launched in the fourth quarter, with settlement to be made only in cash.
The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand are discussing rules for the new SME board, said SEC secretary general Vorapol Socatiyanurak.
Initially, only institutional investors and those ready to settle in cash will be allowed to trade on the board.
Up to 3,000 SMEs of the country's 3 million total have potential to list on the board and mobilise funds from investors.
Eligible companies must have the same accounting standards as those listed on the SET and the Market for Alternative Investment, Mr Vorapol said.
At present, large companies with paid-up capital of more than 300 million baht can list and raise funds from the public for their business expansion on the SET main board.
Smaller companies with paid-up capital of 200 million baht or more can do so on the Market for Alternative Investment.
There is no board for small companies with capital less than 200 million baht.