Revised regulations will include shortening the contingency period from 120 to 90 days to prevent risks from spreading to stakeholders and the market overall. Securities firms will also be prohibited from expanding business or providing guarantees during the contingency period.
The watchdog plans to conduct a hearing on the revised regulations.
Thawatchai Pittayasophon, director of the
"The rules will be adjusted to fit with other markets and be more stringent for companies that are involved with high-risk business such as derivatives and underwriting, and those with large-margin loan extensions and investment portfolios," said Mr Thawatchai.
Pattera Dilokrungthirapop, chairwoman of the
The securities industry remains prudent after suffering previous economic crises, she said, adding that firms that run futures, derivatives trading, margin loans or underwriting have a higher risk exposure than stockbrokers.
Ms Pattera said securities business prospects in the second half will improve from the first half as the average daily turnover has risen to more than
Amid the bullish market, securities companies should have enough capital to serve a fast clip of expansion and an increase in trading value, she said, adding that companies with high-risk exposure must carefully check their financial status.
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