Thai SEC sets curbs on foreign-dominated short-selling

BANGKOK -- Thailand's Securities and Exchange Commission said new rules on program trading and short-selling, effective as soon as April, will enhance transparency in the Thai capital market and shorten enforcement time on suspicious trades involving foreign investors.

SEC Secretary-General Pornanong Budsaratragoon said on Monday the measures are meant to reduce the portion of daily trading volume from shorting stocks, or when an investor sells borrowed shares to buy them back if the price declines.