Tuesday, March 5, 2024

SEC and SET Collaborate to Enhance Market Confidence

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The SEC and SET recently discussed potential rule changes for collateral in cash accounts, securities settlement cycles, and purchasing securities to ensure fair treatment for investors. They also plan to review guidelines for short selling transactions. The aim is to enhance market confidence and ensure stability and efficiency in securities trading. The SET will propose changes to the SEC Board for consideration.

The discussion focused on reviewing rules related to securities trading in cash accounts, collateral placement, securities settlement cycles, and purchasing securities through cash balance accounts during abnormal trading activity. The goal is to ensure fair treatment for all investors and maintain market stability. The SET will expedite the review process and propose changes to the SEC Board for approval. They also discussed potential reviews of guidelines for securities firms regarding clients’ short selling transactions to prevent inappropriate actions and ensure adherence to international standards.

Furthermore, the SEC and SET talked about potentially reviewing the guidelines for securities firms issued by the Association of Securities Companies (ASCO) regarding clients’ short selling transactions. The goal is to ensure clarity and instill more confidence in securities firms’ adherence to international standard guidelines. This review is intended to prevent inappropriate actions and ensure compliance with current contexts.

Source link : SEC and SET Collaborate to Enhance Market Confidence

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