Early this year, SEC held public hearings to obtain views on establishing rules that require companies issuing IPOs to disclose information related with the offering for sale of their securities in an audiovisual format in a bid to respond to the changing behaviors of investors, who tend to use the Internet more as a channel to receive information and do not spend as much time on reading long information disclosure forms. This idea was well supported from both business operators and investors.

SEC is therefore seeking opinions on the draft notification before it becomes into effect. Suggestions will be considered to improve the rules so that they do not impose burden on issuers in practice. For example, scripts may be submitted for SEC’s approval instead of audiovisual clips. Furthermore, issuers will be given a longer period before this notification comes into effect. That is the new rules will apply to companies that file their filing forms from 1 April 2019. This will give issuers sufficient period of  time to prepare themselves.

SEC has published a hearing document on the above matter on  SEC website, available at: www.sec.or.th/hearing. Any involved or interested persons are invited to express their opinions on the website, or via facsimile, at 0-2263-6550, or via email, to corporat@sec.or.th, from now until 9 November 2018. 

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