The Securities and Exchange Commission (SEC) in Thailand is requesting the Stock Exchange of Thailand (SET) to implement stricter pricing rules for short selling.
- The Securities and Exchange Commission (SEC) is urging the Stock Exchange of Thailand (SET) to implement pricing rules for short selling and examine the SET’s naked short selling system.
- The SEC is requiring brokers to identify the ultimate beneficiaries of short selling transactions by asking custodians to disclose the names of investors who borrow stocks.
- The SET may reimpose the “uptick” rule, requiring short sales to take place at a higher price than the stock’s last trading price if it is down 10% or more, to address concerns about naked short selling.
The SEC will also examine the SET’s naked short selling system. Additionally, the SEC has asked the SET to require brokers to disclose the names of investors who…
