Thai Bourse Adjusts Member Regulations To Be More Fle
The Stock Exchange of Thailand (SET) agreed on May 27 to make regulations governing member firms more flexible and aligned with the current situation.
SET Senior Vice President and SET Board Secretary Sakkarin Ruamrangsri said that the regulations had been adjusted to be more principle-based and flexible, enabling better business practices and enhancing competitiveness of Thai bourse vis-a-vis other regional exchanges. Unnecessary regulations have been revoked.
“Members must comply with the newly-amended regulations in order to stay as SET members, such as keeping their licenses up-to-date, having normal business performances, have business capabilities, and have an efficient and experienced management team. In addition, they must be members of the Association of Thai Securities Companies (ASCO) and Thailand Clearing House (TCH),” Sakarin added.
In addition, member companies must follow ASCO regulations to maintain the standards of overall industry.