Thai stock exchange launches relief package for its stakeholders to battle with COVID-19 outbreak

BANGKOK, March 12, 2020 – The Stock Exchange of Thailand (SET) Group unveils aid

measures, aiming to assist listed companies, securities companies, asset

management companies, and custodians to cope with the business impact of

COVID-19. The measures are to lower fee, covering annual registrar fee for

members of Thailand Securities Depository Co., Ltd. (TSD); annual fee for listed

companies, limited to firms joining quarterly investor meetings, or Opportunity

Day; membership fee for securities companies and depository fee, representing

THB 500 million value of aid in total.

SET President Pakorn Peetathawatchai said the aid package aims to lessen

financial burden, cut operating costs, and to boost business liquidity, to help

Thai businesses through an economic shock due to the broad effects of COVID-19.

The measures are as follow:

1. For securities issuers: Reduction of registrar fee for listed companies,

brokers, and asset management companies by wavering 20 percent of annual fee in

2020. In addition, SET will lower annual fee additional for firms joining

Opportunity Day in 2020-2021 period, subject to the number of participation and

in accordance with meeting procedure.

2. For SET members:

– Fee cut on TFEX transaction consisting of fee for online trading service

(Streaming), SET50 Futures and SET50 Options trading and clearing, and

considering additional fee cut on other items for this year.

– Registration fee cut for DW issuer operated since 2019 period, and more fee

reduction for those who have developed products and provided knowledge to

investors, under SET criteria.

– Free of charge service of increasing trading channel and linkage between

brokers and retail investors, especially for brokers developing trading service

for retail investors.

3. A waive of 20 percent depository fee, from April 1 until December 31, 2020,

for depository members, who are brokers and custodian banks, to lessen member

expenses amid economic slowdown.

“This measure will be instrumental in cushioning businesses and capital market

players consisting of over 800 companies at this difficult time on the overall

Thai capital Market and the economy, as a whole, to move forward. Meanwhile, SET

will continue to monitor and support capital market in all dimension, align

with the government policy to overcome this trouble situation,” Pakorn added.

Source: The Stock Exchange of Thailand

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