Bangkok, November 4, 2015 ?The SEC is seeking public comments on a proposed revision to the public offering rules to allow faster and more cost-effective fundraising procedures for listed companies that meet additional criteria.

The draft revision aims to streamline the PO application procedures for the offeror who has no records of inappropriate corporate governance practices and whose shares are offered at the market price during the offering period. The revised provisions cover the key areas, as follows:

1) Approval: to screen the applicant?s corporate governance records whether or not inappropriate acts have been committed and consequently subject to correction measures such as SEC order of financial statements rectification, and SEC warning for the shareholders to exercise voting rights. The result of the application consideration shall be notified within five working days;

2) Filing: to shorten the grace period of the registration statement from 14 to five working days and to waive the requirement for financial advisor participation in the preparation of the registration statement;   

3) Fees: to exempt the filing fee of the registration statement and require only the application fee of 50,000 baht if all of the streamlining conditions are met. 

The consultation paper is available at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile at 0-2695-4623 or email: corporat@sec.or.th.

The public hearing ends on November 18, 2015.