During the joint meeting held at the SEC Building yesterday, the SEC, led by Secretary-General Pornanong Budsaratragoon and the management, and the SET, led by President Dr. Pakorn Peetathawatchat and the management, discussed approaches that the SET could adopt to review rules relating to securities trading in cash account, particularly in placing asset as collateral before purchasing in securities. This is to ensure fair treatment between retail investors and foreign institutional investors executing the clearing and settlement of securities through custodian which is a member of TCH. The meeting also considered changing the securities settlement cycle to be within the second day following the trading day (T+2) for all types of investors. Furthermore, both parties agreed to review rules or measures relating the purchase of securities through cash balance account in case of abnormality in the trading of securities to ensure that such rules or measures are appropriate for the current market situations and fair treatment to all types of investors. The regulatory review also aims to promote and maintain stability and efficiency in securities trading. The SET will expedite the reviewing process of the relevant rules and then will propose to the SEC Board for consideration and approval.    

The SEC and the SET also discussed possible review of the guidelines for the securities firm, as issued by the Association of Securities Companies (ASCO), regarding clients’ short selling transactions. The SET agreed that such review should be conducted in alignment with the current contexts and to ensure clarity and more confidence that securities firms will adhere to international standard guidelines and effectively prevent inappropriate actions. 

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