SET News 110/2024
                                                               October 18, 2024

SET to tighten broker oversight with stricter penalty framework, effective 
November 1, 2024

BANGKOK, October 18, 2024 - The Stock Exchange of Thailand (SET) is set to 
implement a more rigorous regulatory regime for member brokerages, introducing a
more stringent fine structure effective November 1, 2024. This move is part of
SET's broader initiative to strengthen its regulatory mechanisms and ensure
strict adherence to trading rules.

Brokerage violations are classified into four categories: 1) trading systems, 
program trading, installation sites, and hardware network connection, 2)
system-based trading supervision by members, 3) membership qualifications and
duties, and 4) trading activities.

Fines have been significantly increased to better reflect the severity of 
offenses and their potential market impacts. Notable changes include the fine
penalty against naked short-selling offenses which now triple to three times the
illicit profits, with a new minimum penalty of THB 1 million (approx. USD
30,030). This represents a substantial increase from the existing scheme, which
merely matches the profit without a baseline fine. Additionally, brokers failing
to make timely margin calls will face fines of THB 30,000, up from the previous
 threshold of THB 10,000.

The new framework has been approved by the Securities and Exchange Commission 
following extensive market consultations.

For more information on updated regulations, please see the "Circular Letters 
for Member" topic under the "Rule and Regulations" section on the SET's website
at www.set.or.th.


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