Bourse, SEC eager to revamp listing criteria

In response to the erosion of confidence in the Thai capital market, the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC) have agreed to upgrade listing regulations and strengthen supervision to enhance the quality of listed companies.

The SET board of governors approved guidelines for improving the criteria for listed companies on the main bourse and the Market for Alternative Investment (MAI) to facilitate companies with strong financial positions and performance tapping into the capital market.

Moreover, the SET plans to strengthen its oversight of listed companies by revising the regulations for assigning the C (caution) sign, delisting and backdoor listing to improve the quality of listed companies and protect investors.

The new rules will be subject to public hearings in the third quarter, said the bourse.

“This is in line…