Sign In
SEC News
SEC revises regulations to facilitate fundraising for LiVEx-listed companies



Thursday 16 January 2025 | No. 9 / 2025


Bangkok, 16 January 2025 – The Securities and Exchange Commission (SEC) has revised rules and issued draft notifications concerning the offering of additional shares to the public (Second Public Offering: SPO) and the listing of companies on the Market for Alternative Investment (mai) and the Stock Exchange of Thailand (SET) by companies currently listed on the LiVEx Exchange. The revised regulations take effect from 16 January 2025.

The SEC reviewed the relevant rules regarding SPOs and listings on mai and SET by LiVEx-listed companies to better suit small and medium-sized enterprises (SMEs) and to make business operations more flexible, while maintaining appropriate investor protection standards. The SEC also revised the listing rules for LiVEx-listed companies to ensure alignment. The public hearing process showed that most stakeholders supported these amendments.

Accordingly, the SEC has issued notifications on SPOs and listings on mai and SET by LiVEx-listed companies, with the following key points:
          (1) Shortened SPO Process – The period for public opinion (during which investors may directly submit inquiries to the company) is reduced from 30 days to 7 days. The cooling-off period for the effectiveness of the filing form is reduced from 14 days to 3 days;  
          (2) Listing on mai and SET – LiVEx-listed companies applying for listing on mai and SET must comply with the same rules as a public company limited offering an IPO, including allocation rules and other related criteria. They must also disclose at least the minimum required information and details of equity allocations to related persons in the notice of shareholders’ meetings, similar to companies listed on mai and SET.

These notifications were published in the Government Gazette and took effect on 16 January 2025.






Related News

SEC seeks public comments on proposed amendments to strengthen and promote the role of internal auditors for IPO companies
SEC seeks public comments on draft notification on the “Travel Rule for Digital Assets” to strengthen anti-money laundering and prevent cybercrime in line with international standards
SEC seeks public comments on proposed principles for amending the Securities and Exchange Act B.E. 2535 (1992) to strengthen regulatory supervision and enhance law enforcement efficiency
SEC reports success of “Lifelong Investing: Investment Literacy for 50+ Season 2” project, continuing efforts to prepare Thai people for life after retirement
SEC joins government agencies and capital market organizations in advancing the Thai Capital Market Attractiveness Initiatives and establishes a bond market taskforce to enhance the quality of the Thai bond market

Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 9 / 2025 Thursday 16 January 2025
SEC revises regulations to facilitate fundraising for LiVEx-listed companies

Bangkok, 16 January 2025 – The Securities and Exchange Commission (SEC) has revised rules and issued draft notifications concerning the offering of additional shares to the public (Second Public Offering: SPO) and the listing of companies on the Market for Alternative Investment (mai) and the Stock Exchange of Thailand (SET) by companies currently listed on the LiVEx Exchange. The revised regulations take effect from 16 January 2025.

The SEC reviewed the relevant rules regarding SPOs and listings on mai and SET by LiVEx-listed companies to better suit small and medium-sized enterprises (SMEs) and to make business operations more flexible, while maintaining appropriate investor protection standards. The SEC also revised the listing rules for LiVEx-listed companies to ensure alignment. The public hearing process showed that most stakeholders supported these amendments.

Accordingly, the SEC has issued notifications on SPOs and listings on mai and SET by LiVEx-listed companies, with the following key points:
          (1) Shortened SPO Process – The period for public opinion (during which investors may directly submit inquiries to the company) is reduced from 30 days to 7 days. The cooling-off period for the effectiveness of the filing form is reduced from 14 days to 3 days;  
          (2) Listing on mai and SET – LiVEx-listed companies applying for listing on mai and SET must comply with the same rules as a public company limited offering an IPO, including allocation rules and other related criteria. They must also disclose at least the minimum required information and details of equity allocations to related persons in the notice of shareholders’ meetings, similar to companies listed on mai and SET.

These notifications were published in the Government Gazette and took effect on 16 January 2025.