SET is Determined To Support The Revamp of Stock Market

The Stock Exchange of Thailand (SET) tightened its grip on highly speculative stocks after a public hearing suggested investors support the revamp of market surveillance measures to better regulate stocks with irregular price movements.

In view of this, The SET conducted the hearing on Nov 1–12 to collect opinions regarding the revision of market surveillance measures and the addition of a one-day ban on trading. The bourse said in a statement it received responses from 228 commenters, consisting of 83 general investors, 73 people from listed companies, 66 from securities companies, four from asset management companies and two from other relevant agencies.

The results of the hearing are scheduled to be sent to the Securities and Exchange Commission for endorsement and approval, with an effective date expected to be announced later.

Along with this, The current market surveillance measures consist of three levels: cash balance, exclusion from credit limit, and the prohibition of a net settlement.With the revised measures, a prohibition on the use of stocks in trading calculations will be included in the first level, the prohibition of net settlement is included in the second level, and a one-day suspension of trading will be included in the third.




Sharing the latest news from 4 different countries in SouthEast Asia!

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Using Government (Corona-)Aid Packages to Establish Employee Ownership

3. The birth of productivity growth

Going 90 in a 65

The concept of Taxes and why the Middle Class will always suffer…

Next Steps in Exploring Creation of a Public Bank to Serve State’s Cannabis Industry

New York Needs To Stop Doing Business With Goldman Sachs and Wells Fargo

Tipping the Economy

Commercial Property Investment. Not for Everyone.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Asian Affairs

The Asian Affairs

Sharing the latest news from 4 different countries in SouthEast Asia!

More from Medium

What is the essence of Romance?

Why a “One-and-Done” Access Control Policy Won’t Cut It

My Chess Journey — Introduction

IT #shorts How to configure our devices (virtual) + small talk about routing