Thai stock exchange to restrict short selling - News Summed Up

Trending Today


Thai stock exchange to restrict short selling


Thai stock exchange to restrict short sellingThe Securities and Exchange Commission (SEC) is asking the Stock Exchange of Thailand (SET) to impose pricing rules for short selling while the SEC will examine the SET's naked short selling system soon, the regulator said on Monday. The deputy head of the SEC also sought to reassure investors, saying the regulator is investigating naked short selling in the country's stock market by utilising the following procedures. First, the stock exchange has been asked to reimpose the “uptick” rule, a regulation requiring any short sale to take place at a higher price than the stock's last trading price if that stock is down 10% or more from the last trading day's closing price. “The SET's operations have been inspected continuously, including the monitoring of short selling transactions that do not involve naked short selling, which is currently a concern for investors,” she said. The Thai bourse can order a punishment if it finds any practices that do not fall in line with the procedures.


Source: Bangkok Post November 21, 2023 06:45 UTC



Loading...
Loading...
  

Loading...