Qualifications and approval rules | - Applicable to the offering of bills and bonds. - For the offering of bonds, the approval will be granted upon the registration of the transfer restriction, features of bonds, draft terms and conditions and a bondholders' representative appointment agreement (in case of secured bonds/ bonds with a bondholders' representative). - For the offering of bills, the approval will be granted upon submission of a report on features of the bills. - Can be offered only to II or HNW. - If the offering is made to HNW, it shall be made through intermediaries. - For the offering bills, a statement 'This bill is a security and approved for sale in a private placement' shall be included on the front of the bills. - In case of bills having an agreement to provide additional collateral as security for debt repayment, such agreement must be enforceable under the law. | - Applicable to the offering of short-term bills and bonds. - For the offering of bonds, the approval will be granted upon the registration of the transfer restriction, features of bonds, draft terms and conditions and a bondholders' representative appointment agreement (in case of secured bonds/ bonds with a bondholders' representative). (original requirements) - For the offering of bills, the approval will be granted upon submission of a report on features of the bills. - For the offering of bills, a statement of 'Intended to be negotiable among institutional investors' shall be included on the front of the bills. | - Applicable to the offering of bonds[1]. - Application shall be submitted for an approval. The following qualifications will be considered: 1. Financial statements shall be prepared in accordance with the financial reporting standards that are acceptable to lead regulator and there shall be no expression of opinion that the auditor's scope of audit is limited by any act or omission to act of issuers' directors or executives. 2. The issuers shall not fail to file the financial statements or related reports to the SEC/ SET. 3. The directors and executives shall be listed on the database of directors and executives of the securities issuing companies. 4. Complete disclosure of information in accordance with the prescribed form. | - Applicable to the offering of bonds. - Application shall be submitted for an approval. The following qualifications will be considered: 1. Financial statements shall be prepared in accordance with the Thai Financial Reporting Standards for Publicly Accountable Entities (PAEs). 2. The issuers shall not fail to file the financial statements or related reports to the SEC/ SET. 3. The directors and executives shall be listed on the database of directors and executives of the securities issuing companies. 4. Not being in default on principal or interests of any debt securities or in default on a loan payment. 5. Not being in breach of the terms and conditions of the debt securities. |