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SET Seeks Public Input On New Warning Signs For Funds And Amendments Of Delisting Rules

The Stock Exchange of Thailand (SET) aims to extend the warning signs to securities beyond common shares, which are Trusts, Property Funds, and Infrastructure Funds, as well as amendments to regulations regarding listed companies subject to possible delisting to ensure that their financial health and operational performance have been strengthened before the trading of these securities can be resumed.

Following the implementation of enhanced investor warning signs (C-signs) in the first quarter of 2024 and the amendments to the qualifications of new listings on SET and Market for Alternative Investment (mai), SET is set to amend relevant criteria and is seeking public feedback as follows:

1) Expanding the warning signs by posting C symbols such as CB, CS, CC, and CF to Trusts, Property Funds, and Infrastructure Funds. These warnings will be triggered when these funds face risks or events that may impact their financial status, business operations, liquidity, or when there is a risk of fund dissolution. These requirements align with the existing rules for listed companies’ common shares.

2) Amending qualifications for resuming trading of listed companies subject to delisting to align with qualifications for new listings as follows:

Resume Trading  

(Unit: THB million)

SET

mai

Net Profit Latest 1 Year / 4 Quarters

From 30 to 75

   From 10 to 25

Shareholders' Equity

From 300 to 800

From 50 to 100

 

This public consultation aims to gather valuable input for the consideration of relevant regulatory amendments. SET has published the consultation document with full details on its website at https://www.set.or.th/en/rules-regulations/market-consultation under the topic “Regulatory Enhancement of Trusts, Property Funds, and Infrastructure Funds and Revision to the Rules for Listed Companies Subject to Possible Delisting”  Please submit your comment at https://forms.gle/y6rihjtxizuhs8rd8 by August 14, 2024.

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