Thai stock exchange to restrict short selling

The 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.

Deputy secretary-general Jomkwan Kongsakul said the SEC has also tasked the bourse to inform brokers to identify the ultimate beneficiaries of short selling transactions, meaning that brokers would have to ask custodians to disclose the names of investors who borrow stocks from the custodian for the transaction.

The deputy head of…