Stock Exchange Overhauling the criteria in a big way, repeating the same steps for more stocks

The Stock Exchange of Thailand issued a statement this morning (30 Nov.) on guidelines for improving and increasing the efficiency of operating mechanisms related to securities trading.

In a statement, it was stated that following the recent trading case of More Return Public Company Limited (MORE) securities, the SET and the Thai Securities Companies Association (Association of Securities Companies) has been working closely together and coordinating with regulatory agencies to solve the problems that have arisen.

We also discussed with capital market agencies to improve operational processes and mechanisms for efficiency. To prevent and mitigate damages that may occur appropriately and in a timely manner. build confidence Create unified work as follows:

In the short term, things that securities companies can do immediately to manage risk include:

• Review the risk profile of customers that may be inappropriate. High risk, such as customers with high credit limits There is concentrated trading in any one stock. or any group, especially small market cap stocks
• Consider improving internal operating guidelines. To reduce and prevent risks Including creating readiness to deal with crises that may occur, such as considering credit limits. Consideration of collateral value

Long-term performance improvements on various issues Both structurally Adjusting industry-wide criteria The relevant sectors will consider taking action in the future, including:

securities company

• Improve the rules and operating standards and procedures, such as considering customers Guidelines for granting credit limits to customers Collateral consideration
• Develop an information center (Investor Information Bureau) to collect information useful for risk management similar to the credit bureau, such as credit line information, credit line usage information, etc.

Stock Exchange It will speed up the improvement of the efficiency of the securities acceptance process. and related processes as follows

• Improve the criteria for accepting securities in each market (SET, mai, LiVEx) to be appropriate.
• Improving trading rules Settlement and delivery of securities To be consistent with development and the complexity of the current market situation
• Improve the data verification process Including amending the rules for using important information for monitoring and analyzing trading behavior, such as stock holding information, etc.
• Improve procedures for working with regulatory agencies and other agencies. To be able to prevent and reduce damage that may occur in a timely and appropriate manner.

In this regard, the SET and the Securities Exchange Association will discuss with those involved in the capital market. Continuously integrate cooperation in all sectors. To increase efficiency and increase confidence for investors and stakeholders in all sectors.