As SEC has made an amendment to Section 185 of the Securities and Exchange Act, effective 17 April, the amended Section stipulates that SET-member securities companies are able to trade listed securities outside the stock exchange if abiding by the regulations, conditions and procedures set by the SEC Office. Earlier, the law prohibited such companies to trade securities outside the stock exchange with an exception for a SET permission.

Therefore, SEC intends to revise the regulations on listed securities trading services outside the stock exchange for proper supervision and in accordance with the amendment to the Securities and Exchange Act. SET member and non-SET member securities firms will be allowed to trade listed securities outside the stock exchange only a case that trading is done with those receiving a license to provide securities trading through the ETP or those receiving approval to participate in the ETP Regulatory Sandbox scheme. This is because the ETP service providers will have a duty to oversee proper securities trading. For example, information must be disclosed before and after trading for investment decision-making, trading must be regulated for smoothness and the settlement and delivery systems must be efficient.

SEC disseminates the public hearing document on this matter at SEC website: https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=546. Interested parties are welcome to make comments at the website or by e-mail: piyaruj@sec.or.th, ornicha@sec.or.th or wasu@sec.or.th until 11 September 2019.

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Remark : Public Hearing Document - https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=546