The Bhutan Peace and Prosperity Party, or Druk Phuensum Tshogpa (Dzongkha: འབྲུག་ཕུན་སུམ་ཚོག་པ; Wylie: 'brug phun-sum tshog-pa), is one of the major political parties in Bhutan. It was formed on July 25, 2007 as a merger of the All People's Party and the Bhutan People's United Party, which were both short-lived. The working committee of the merged entity, headed by the former home minister, Jigmi Yoezer Thinley, decided on the name for the new party. On August 15, 2007 Jigmi Yoezer Thinley was elected president of the party. The party formally applied for registration on August 15, 2007, thus becoming the second political party in Bhutan to do so. On October 2, 2007 the Election Commission of Bhutan registered the party. On March 24, 2008, the party won the first general election held in Bhutan. The party secured 45 of the 47 seats to the National Assembly.The party is Conservative and Royalist in outlook.