The meeting of the Securities and Exchange Commission (SEC) has resolved to approve the additional details regarding investor confidence enhancement measures previously approved. These measures aim to develop and enhance the potential of registered companies in the securities market, aligning with the strategy to build a quality capital market for sustainable growth.
- Operational guidelines for stock trading aim to enhance oversight of Naked Short Selling and Program Trading, especially High-Frequency Trading (HFT), by requiring investors conducting HFT to submit an application or register. This enables monitoring of investor data at the sub-account level of Omnibus Accounts. Additionally, securities firms must implement Pre-Trade Risk Management systems to verify client securities holdings before executing HFT orders in the securities market trading system. Moreover, minimum order resting times will be established to standardize trading speed, preventing inappropriate trading behaviors. These measures are under consideration for feedback and are expected to be proposed to the SEC within the second quarter of 2024.
- Development and potential enhancement guidelines for registered companies focus on proactive work by collecting and utilizing beneficial data related to business operations. This includes efforts to compete within industry groups and target New Economy companies, which contribute to driving the country’s economy in line with government policies. Information dissemination and collaboration with relevant agencies, such as the Stock Exchange of Thailand and various media outlets, are emphasized to benefit all parties. Support will be provided for research organizations to produce Industry Analysis & Outlook Reports, and cooperation with related organizations, such as the Federation of Thai Industries and the Thai Chamber of Commerce, will be coordinated to facilitate data integration for more effective industry analysis and strategy formulation, especially for New Economy industries.
The SEC will continue to collaborate with all market participants to enhance confidence in the Thai capital market by providing useful information to investors.
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