Currently, the SEC regulates three types of bills, namely: 1) bills that are considered as securities, 2) bills that are considered as securities but under the exemption of regulations regarding offer for sale of newly issued debt securities*, and 3) bills that are not securities.  

To enhance regulatory clarity and consistency with business practices of the private sector, the SEC is proposing to revise the definition of bills that are considered as securities as follows: 

(1)  being bills of exchange or promissory notes issued to the holder, representing the rights on such bills, to more than 10 investors at any given time;

(2)  having the characteristics of fundraising from the public in general with advertising or solicitation regarding the issuance of bills, excluding bills with the principal and interest guaranteed by the Ministry of Finance, and bills issued by the Bank of Thailand. 

For further details of this public hearing, please visit https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=961. Stakeholders and interested parties are welcome to submit comments and suggestions via the website or email: debt@sec.or.th. The public hearing ends on 9 January 2024.  

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Remark: 

* Not subject to the provisions on public offering of securities under Chapter 3 of the Securities and Exchange Act B.E. 2535 (1992).