On 24 June 2024, the Stock Exchange of Thailand (SET) announced short selling and program trading regulations commencing on 01 July 2024.
These amended regulations include:
- Qualifications of securities eligible for short selling: the minimum 3-month average market capitalization requirement for the non-SET100 securities will be raised to THB 7.50 billion. Additionally, 12-month average monthly turnover of at least 2% will be introduced while the minimum free float of 20% of paid-up capital will remain unchanged. The list of shares eligible for shortselling under the new regulation will be published on the SET website.
- Uptick Rule for short selling transactions.
- Information disclosure of investors involved in inappropriate short selling and trading practices.