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12 Mar 2020 13:31:00
SET News : Thai stock exchange launches relief package for its stakeholders to battle with COVID-19 outbreak
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                                                                     SET News 14/2020
                                                       March 12, 2020

Thai stock exchange launches relief package for its stakeholders to battle with 
COVID-19 outbreak

BANGKOK, March 12, 2020 - The Stock Exchange of Thailand (SET) Group unveils aid
measures, aiming to assist listed companies, securities companies, asset
management companies, and custodians to cope with the business impact of
COVID-19. The measures are to lower fee, covering annual registrar fee for
members of Thailand Securities Depository Co., Ltd. (TSD); annual fee for listed
companies, limited to firms joining quarterly investor meetings, or Opportunity
Day; membership fee for securities companies and  depository fee, representing
THB 500 million value of aid in total.

SET President Pakorn Peetathawatchai said the aid package aims to lessen 
financial burden, cut operating costs, and to boost business liquidity, to help
Thai businesses through an economic shock due to the broad effects of COVID-19.

The measures are as follow:

1. For securities issuers: Reduction of registrar fee for listed companies, 
brokers, and asset management companies by wavering 20 percent of annual fee in
2020. In addition, SET will lower annual fee additional for firms joining
Opportunity Day in 2020-2021 period, subject to the number of participation and
in accordance with meeting procedure.

2. For SET members:

-    Fee cut on TFEX transaction consisting of fee for online trading service 
(Streaming), SET50 Futures and SET50 Options trading and clearing, and
considering additional fee cut on other items for this year.
-    Registration fee cut for DW issuer operated since 2019 period, and more fee 
reduction for those who have developed products and provided knowledge to
investors, under SET criteria.
-    Free of charge service of increasing trading channel and linkage between 
brokers and retail investors, especially for brokers developing trading service
for retail investors.

3. A waive of 20 percent depository fee, from April 1 until December 31, 2020, 
for depository members, who are brokers and custodian banks, to lessen member
expenses amid economic slowdown.

 "This measure will be instrumental in cushioning businesses and capital market 
players consisting of over 800 companies at this difficult time on the overall
Thai capital Market and the economy, as a whole, to move forward. Meanwhile, SET
will continue to monitor and support capital market in all dimension, align
with the government policy to overcome this trouble situation," Pakorn added.

                                  "SET...Make it Work for Everyone"