The Thailand Securities & Exchange Commission published an update following a meeting between Prime Minister Paetongtarn Shinawatra, the SEC, the Stock Exchange of Thailand, and the Department of Special Investigation on stock market conditions and the drive for stricter and faster legal enforcement. The government signalled support for expediting legal amendments intended to improve prevention of wrongdoing in the stock market and to authorise the SEC as an inquiry official in the law enforcement process. The Prime Minister highlighted the monitoring of economically significant cases, including the STARK case, and called for strict action against listed companies that fail to comply with stock exchange rules, including free float requirements. The SEC Secretary-General reported that internal process streamlining has accelerated case handling, with legal action taken in 15 cases since the beginning of the year involving around 40 alleged offenders, and some cases resolved in less than a year; work is also underway with the SET on measures for fair and transparent trading and on enhanced reporting by listed-company executives on the use of shares as collateral. Amendments to securities laws are being pursued, with the government indicating it will support accelerating the legislative changes.

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