Bangkok, 4 February 2022 – The Securities and Exchange Commission (SEC), in collaboration with the Stock Exchange of Thailand (SET), promotes funding accessibility for small and medium-sized enterprises (SME) and startups via LiVe Exchange platform. To be eligible for investing in SMEs and startups via this platform, investors must have investment knowledge and experiences and accept associated high risk. The governing rules and regulations are expected to become effective by the first quarter of 2022.
SEC Secretary-General Ruenvadee Suwanmongkol said: “The SEC has issued regulations supporting fundraising in the capital market for emerging businesses such as SMEs and startups. Effective since 16 January 2022, the regulations allow relaxation and prevent excessive burdens by, for example, waiving the application filing and the appointment of financial advisor, and allow initial public offering (IPO), share listing and trading in a new secondary market, LiVe Exchange.”
In this regard, the SEC Board Meeting No. 2/2565 held on 3 February 2022 has passed a resolution approving the rules, regulations and the Notification of the Stock Exchange of Thailand regarding LiVe Exchange, which are in extension to the SEC’s regulations for issuance and offering for sale of shares. The SET regulations are related to securities listing and trading on LiVe Exchange and provide regulatory relaxation regarding listing requirements and listed company status maintenance, giving focus on disclosure of information to investors and prescribing fees related to listed companies at a lower rate than those imposed on listed companies on mai and SET.
The trading rules for SMEs and startups are different from those for listed companies on mai and SET. This includes the once-a-day trading session and eligible investors for trading via LiVe Exchange platform must have experience, knowledge and understanding of the invested products, possess wealth that meets the criteria, and are able to accept high risk associated with the trading situation of SMEs and startups. The governing rules and regulations are expected to take effect within the first quarter of the 2022 onwards.
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