The SEC is distributing news that “affirms” that the SEC strictly regulates short trading schemes, commissions, etc., and must be fair.

Office of the Securities and Exchange Commission Or the Securities and Exchange Commission (SEC) published a press release and as part of disclosing the progress made in building trust with Thai investors, the SEC held a meeting with Association of Thai Securities Companies or ASCO and securities business operators by exchanging views and suggestions on ways to develop the Thai securities industry and capital market. To build confidence in the Thai capital market all sectors can benefit from the capital market in an inclusive and fair manner. Issues for Discussion There are matters on which the SEC has already taken action and is currently studying and reviewing them at the SEC Office on November 27, 2023.

Securities and Exchange Commission (SEC) ledMs. Purnanong Pusaratrakul The Secretary General and Executive Directors held a meeting with the Association of Thai Securities Companies (ASCO) chaired byMr. Pichet Sethi Amnoi The Chairman of the Association along with the directors and members of the Association which consists of executives and representatives from 38 securities business operators discussed and exchanged views on issues that may affect confidence in the Thai capital market, including the use of trading software/high-speed trading. Including guidelines for developing and modernizing the securities business industry in accordance with international standards. To build confidence in the Thai capital market, all sectors can benefit from the capital market in an inclusive, fair, just, transparent and reliable manner.

During the meeting, what the Securities and Exchange Commission had done and matters under review were discussed, such as examining naked short sale transactions and mechanisms for regulating short sale transactions. Trading through trading software, such as placing collateral for the delivery of securities, ensures that the stock market is stable and fair and does not create advantages or disadvantages for each type of investor.

At the same time, the SEC also asked ASCO to review its guidelines for members on short sale transactions to be consistent with the current context. And consistent with the SEC’s observations to make it more confident that securities firms have the same standard practices. This will effectively prevent violations. Along with further inspection by the regulatory agency

Additionally, the SEC has asked ASCO to consider setting fees for trading services in the industry. To ensure fairness among investors reflects quality competition and this will create sustainability for the industry.

“The Securities and Exchange Commission attaches importance to building confidence in the capital market as a whole. In this meeting, we must be open to listening to all opinions and proposals from securities companies of all sizes and nature of their business. To achieve equality with stakeholders, including securities business operators.” Which are in the same value chain in the capital market, so we see that discussion and exchange of opinions to work together is a very important factor in determining the direction of the capital market to be sustainable, and the Securities and Exchange Commission will take every suggestion and the feedback will be filtered and studied further to determine more criteria, he said. Secretary General of the Securities and Exchange Commission: “We expect that there will be ongoing periodic discussions.”