The Stock Exchange of Thailand (SET) Board of Governors has agreed to reposition SET and Market for Alternative Investment (mai) markets to better distinguish them and to facilitate companies with strong financial position and performance to tap into the capital market. Moreover, SET gears up to strengthen its oversight of listed companies by revising the regulations on "C (Caution)" sign, delisting and backdoor listing to boost listed companies' quality and protect investors. Market consultation will be carried out in the third quarter of this year.
SET President Pakorn Peetathawatchai said that the sweeping regulatory overhaul for SET- and mai-listed companies is in line with the three-year strategic plan (2023-2025) aimed at widening fundraising opportunity for business of every size and addressing the current pain points. The amendment will include listings of companies that have stronger financial positions and operating performance in conformity with the advent of LiVE Exchange (LiVEx) incorporated for SMEs and startups that want to grow their business, taking in to account the size and financial position of our potential companies, and competitive capabilities with foreign stock exchanges. Strengthening supervision of listed companies to enhance listed companies' quality and to protect investors is also among the adjustments.
The regulation amendments are summarized as follows:
The aforementioned amendments are attributable to the collaboration between SET and the SEC in reinforcing supervision of listed companies throughout the process to bolster confidence and integrity of the capital market. SET will carry out public hearing to obtain opinions about the regulation amendments before seeking an approval from the SEC's Board of Directors. The announcement of the amended regulations will be made gradually by taking the appropriate time into account.