The SEC is currently revising the regulations governing applications for DR offerings to allow approved DR issuers to issue and offer DRs for a period of one year, without limitation on the number of offerings or the offering value, provided that they continue to meet the qualifications prescribed under the relevant regulations (Shelf Approval). For each issuance and offering, the issuer is required to file an application on a project-by-project basis (Shelf Filing). This is intended to reduce costs and documentation burdens for the private sector and facilitate DR offerings to accommodate growing investor demand for DRs.*

In this regard, the SEC proposes to revise the rules on the collection of application fees for DR offerings to align with the aforesaid amendments to the regulations governing applications for DR offerings. The key points are as follows:
        (1) For the initial application and the application for Shelf renewal in subsequent years, applicants shall pay an application fee of 50,000 baht for consideration of the applicant’s qualifications and an application fee of 15,000 baht per foreign underlying security for consideration of DR qualifications.
        (2) For subsequent applications within each annual Shelf period, approved DR issuers shall pay an application fee of 15,000 baht per foreign underlying security for consideration of DR qualifications.

Currently, the applicable fees are collected on a per-application basis at the same rates as those specified above.

The consultation paper is available on the SEC website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1205 and on the Legal Hub at https://law.go.th/. Stakeholders and interested parties are invited to submit comments via these websites or by email to jurairat.s@sec.or.th or korakot@sec.or.th. The public hearing ends on 25 September 2026.

Note: * SEC News No. 123/2026 dated 12 June 2026 “SEC seeks public comments on amendments to regulations governing DRs,Thai ETFs’ investment in L&I ETFs, and margin lending."