SEC inspects brokerages to strictly control Naked Short, including trading through programs and short selling.

The Securities and Exchange Commission (SEC) held a meeting with the Association of Thai Securities Companies (ASCO) and securities business operators. By exchanging opinions and suggestions on ways to develop the securities business industry and the Thai capital market. To build confidence in the Thai capital market All sectors can take advantage of the capital market in a thorough and fair manner. Issues for discussion There are matters that the SEC has already taken action on and are currently studying and reviewing at the SEC Office on November 27, 2023.

The SEC Office, led by Mrs. Pornanong Busaratrakul, Secretary General, and executives, held a meeting with ASCO, led by Mr. Phichet Sithi-Amnuay, President of the Association, along with directors and association members. which consists of executives Representatives from 38 securities business operators discussed and exchanged opinions on issues that may affect confidence in the Thai capital market, including the use of program trading/high-speed trading. Including guidelines for developing and upgrading the securities business industry according to international standards. To build confidence in the Thai capital market All sectors can take advantage of the capital market in a thorough, equitable, fair, transparent and reliable manner.

At the meeting, there was discussion of what the SEC has already done and matters under review, such as examining naked short selling transactions and mechanisms for regulating short selling transactions. Trading through program trading, such as placing collateral Securities delivery To ensure that the stock market is stable, fair and does not create advantages or disadvantages for each type of investor.

At the same time, the SEC also asked ASCO to review the guidelines for members in short selling transactions to be consistent with the current context. and consistent with the SEC’s observations to make it more confident that securities companies have the same standard practices. This will effectively prevent wrongdoing. together with the further inspection of the regulatory agency

In addition, the SEC has asked ASCO to consider setting fees for trading services in the industry. To ensure fairness between investors Reflects the qualitative competition This will create sustainability for the industry.

“The SEC places importance on building confidence in the capital market as a whole. which in this meeting To be open to listening to all opinions and suggestions from securities companies of various sizes and nature of business. To achieve equality with stakeholders including securities business operators which is in the same value chain in the capital market Therefore, it is seen 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. The SEC will take every suggestion Observations will be filtered and studied further to determine further criteria. and expect that there will be continuous periodic discussions,” the SEC Secretary-General said.