# Stock Exchange of Thailand steps up supervision of listed companies

- Link: https://www.thailand-business-news.com/set/127142-stock-exchange-of-thailand-steps-up-the-level-of-supervision-of-listed-companies
- Published: 2024-02-21T15:04:24+07:00
- Author: SET News

The Stock Exchange has strengthened its oversight of registered companies at every
stage, from company registration to ongoing supervision.

The **Stock Exchange of Thailand (SET)** has recently taken significant steps to
enhance its supervision of listed companies. These measures aim to strengthen the
financial and operational capabilities of registered companies, improve the quality
of listed firms, and increase investor confidence.

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Here are some key takeaways from these changes:

 1. **Enhanced Criteria for Listing**: The revised criteria include raising the qualifications
    for listing on the Stock Exchange of Thailand. This ensures that companies meet
    higher standards before being listed. Additionally, clearer warning signs are provided
    to investors in case of financial risks or non-compliance with specified criteria.
 2. **Revocation Grounds**: The SET has introduced grounds for revocation of listed
    company status. If continuous business is not maintained or free float requirements
    are not met, a company’s listing status may be revoked. These changes will gradually
    take effect from **March 25, 2024**.
 3. **Improved Information Disclosure**: To ensure that investors receive comprehensive
    and clear information, there has been an improvement in the disclosure of events
    that may affect a company’s financial status and operations.
 4. **Collaboration with SEC**: Mr. Phakorn Peetathawatchai, Director and Manager of
    The Stock Exchange of Thailand, has announced continuous collaboration with the
    Securities and Exchange Commission (SEC). They study, review, and enhance various
    criteria to align with the current situation.
 5. **Consideration of Qualifications**: The SET has also improved the consideration
    of qualifications for Backdoor Listing and Resume Trading, aligning them with New
    Listing standards.
 6. **Enhanced Disclosure**: The disclosure of the names of securities holders has 
    been enhanced to provide investors with more comprehensive information.

These changes aim to foster confidence and stability in the Thai capital market 
while ensuring that listed companies maintain high standards in their financial 
performance and operations . If you have any further questions or need additional
information, feel

This aims to enhance the financial and operational capabilities of registered companies.
Furthermore, there has been an improvement in the disclosure of information to ensure
that investors receive comprehensive and clear information to notify them of any
events that may affect the company’s financial status and operations.

Mr. Phakorn Peetathawatchai, Director and Manager of The Stock Exchange of Thailand,
has announced that the Stock Exchange of Thailand is continuously collaborating 
with the SEC to study, review, and enhance various criteria to align with the current
situation.

The latest Stock Exchange Criteria have been revised to strengthen the supervision
of listed companies throughout the entire process, from registration and maintaining
status as a listed company to revocation.

Furthermore, there have been improvements in the consideration of qualifications
for Backdoor Listing and Resume Trading, aligning them with New Listing standards,
effective from March 25, 2024.

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These revisions aim to improve the quality of listed companies, increase the disclosure
of information, and provide warnings to investors in order to foster confidence 
and stability in the Thai capital market.

Additionally, the disclosure of the names of securities holders has been enhanced
to provide investors with more comprehensive information. These changes came into
effect on February 19, 2024, and the Stock Exchange Criteria have been revised in
four important areas.

**Source** : [ Stock Exchange Raise the level of supervision of listed companies
in the entire process. Gradually effective from 25 March 2024 onwards.