# SEC provides updates on the Strong Securities Issuers Project and law enforcement

- Link: https://www.thailand-business-news.com/markets/126075-sec-provides-updates-on-the-strong-securities-issuers-project-and-law-enforcement
- Published: 2024-02-27T10:23:08+07:00
- Author: SiamNews PR

**SEC has provided an update on the Strong Securities Issuers Project, which aims
to enhance the quality of listed companies and the performance of personnel. They
have also approved regulatory amendments by the SET to improve company screening
and supervision.**

---

The Securities and Exchange Commission (SEC) has issued an update on initiatives
aimed at improving the quality of listed companies and the performance of personnel
in the capital market. These initiatives are part of the Strong Securities Issuers
Project and focus on preventing, deterring, and addressing inappropriate behaviors
and misconduct.

ADVERTISEMENT

A recent development in this area is the SEC Board’s approval of amendments to the
Stock Exchange of Thailand (SET) regulations to improve the screening process for
companies applying for SET listing and to strengthen supervision of listed companies,
as proposed by the SET. The SEC also gives emphasis to effective enforcement, ensuring
that wrongdoers in all cases, without exception, are subject to legal action.

 1. **Amendments to SET Regulations**: The SEC Board approved amendments to the Stock
    Exchange of Thailand (SET) regulations. These changes aim to improve the screening
    process for companies applying for SET listing and strengthen supervision of listed
    companies. Key points of these amendments include:
 2.  * Revising qualification requirements for applicants seeking SET listing and mai(
       Market for Alternative Investment) listing to ensure potential issuers have 
       a strong financial background.
     * Revising criteria for backdoor listings and trading resumption to match IPO 
       regulations.
     * Updating regulations on investor alerts and delisting of securities for companies
       displaying inappropriate behaviors.
     * Revising disclosure rules for lists of shareholders and unitholders in the case
       of listed companies, trusts, and mutual funds.
 3. The amendment related to qualification requirements will take effect from **1 January
    2025**, while most provisions of the amendments related to backdoor listings, trading
    resumption, and investor alerts will take effect on **1 April 2024**. The amendment
    regarding disclosure rules is expected to take effect from **1 March 2024**.
 4. **Enhancing Quality Standards**: The SEC is also reviewing relevant regulations
    to further enhance the quality standards for applicants seeking SET and mai listing.
    For example, they are examining material transactions (MT) and related party transactions(
    RPT) regulations to ensure clearer disclosure of investment information by listed
    companies.

The Strong Securities Issuers Project is an initiative under the SEC Strategic Plan
in the area of building trust and confidence in the capital market. The Project 
aims to enhance the quality of listed companies and the overall duty performance
of the personnel associated with listed companies. In this regard, the SEC has been
working with relevant organizations through various approaches and activities, using
the key measures of preventing, deterring, and suppressing wrongful acts. So far,
the Project has made significant progresses.

### Related**Posts**

###  󠀁[Asia: The Key Challenge for AI Uncertainty in Market Analysis](https://www.thailand-business-news.com/generative-ai/335003-asia-the-key-challenge-for-ai-uncertainty-in-market-analysis)󠁿

###  󠀁[From the Iran War to the World’s Dinner Table: Key Implications for the Global Food Supply Chain](https://www.thailand-business-news.com/markets/commodities/327563-from-the-iran-war-to-the-worlds-dinner-table-key-implications-for-the-global-food-supply-chain)󠁿

###  󠀁[Asian stocks retreat as oil rises above $100 and investors reassess global rate risks](https://www.thailand-business-news.com/markets/333019-asian-stocks-retreat-as-oil-rises-above-100-and-investors-reassess-global-rate-risks)󠁿

###  󠀁[Asian markets hold up despite bond rout as US yields enter a structurally higher regime](https://www.thailand-business-news.com/markets/332037-asian-markets-hold-up-despite-bond-rout-as-us-yields-enter-a-structurally-higher-regime)󠁿

**Source** : [SEC updates on the Strong Securities Issuers Project and law enforcement](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=10531&rand=113627)