SEC Proposes New Securities Law to Combat Naked Short Selling

MGR Online•Economy•1d ago

Reader Briefing

The Securities and Exchange Commission is seeking public opinion on a draft amendment to the Securities and Exchange Act 1992 to enhance capital market supervision.

•The Securities and Exchange Commission (SEC) is proposing amendments to the Securities and Exchange Act 1992.
•The proposed changes aim to increase supervision efficiency and provide investors with complete information for decision-making.
•Public feedback is being collected until October 13, 2026.
•The draft law includes measures against naked short selling and stricter controls on pledged stocks.

Overview

•The Securities and Exchange Commission (SEC) is opening a public hearing for the draft Securities and Exchange Act 1992.
•The Securities and Exchange Commission (SEC) aims to increase supervision efficiency and ensure investors have complete information for investment decisions.
•The Securities and Exchange Commission (SEC) proposes defining duties for investors selling securities not in their possession and duties for foreign service providers to report actual security holders.
•The Securities and Exchange Commission (SEC) proposes requiring reports on significant encumbrances created on securities.
•The Securities and Exchange Commission (SEC) proposes temporary transaction suspension measures if a transaction may take advantage of or cause serious damage to investors or the public.
•The Securities and Exchange Commission (SEC) proposes clearer measures for withdrawing the seizure or attachment of assets of juristic persons and assigning others to conduct inspections.
•The Securities and Exchange Commission (SEC) proposes amending related penalty provisions.
•Interested parties can submit opinions via the Securities and Exchange Commission (SEC) website or email until October 13, 2026.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The agency opening public hearings on the draft amendment of the Securities and Exchange Act 1992.

Law

Securities and Exchange Act 1992(พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ พ.ศ. 2535)

The act being amended to increase efficiency in capital market supervision.