Bangkok, 28 February 2018 ?  The SEC is seeking public comments on the proposed exemption from filing the application or the registration statement for the offer for sale of shares issued by social enterprises. The proposal is to alleviate obstacles in such securities offering and encourage private sectors and the public to participate more in national development in line with the government's policy.  

The SEC is proposing to issue regulations that would exempt social enterprises from filing the application and the registration statement for public offering, provided that their operation complies with public policy and pre-determined criteria.

This exemption rule would facilitate social enterprises in raising fund for their operation to achieve the objectives of promoting employment or solving social problems and developing the well-being of the community, society, public health or the environment, without pursuing the highest returns for shareholders. Since the rule would require that social enterprises be certified or registered and subject to inspection by relevant governmental agencies, strict supervision imposed on limited companies or public limited companies should not apply. This would allow such social enterprises to achieve their intended outcome. 

The consultation paper is available at www.sec.or.th/hearing. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile at 0-2263-6254 or email: corporat@sec.or.th. The public hearing ends on 30 March 2018. 

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