Sign In
SEC News
The SEC is proposing to amend the IPO reporting rules to improve investors' decision-making by providing more timely information



Friday 22 December 2023 | No. 256 / 2023


Bangkok, 22 December 2023 – The Securities and Exchange Commission (SEC) invites public comments on proposed amendments to the regulations governing the reporting of initial public offering shares (IPO shares) results. These amendments aim to enhance investor access to critical information prior to making investment decisions on the first trading day.

The SEC Strategic Plan 2024–2026 prioritizes the strengthening of Thai capital market trust and highlighting the critical significance of investor confidence in cultivating a robust capital market that serves as  a channel for fundraising of businesses and investment for investors. Ultimately, the goal is to achieve sustainable development, reduce inequalities. Recognizing the importance of complete, transparent, and timely IPO information for investors’ informed decision-making, the SEC aims to promote more timely information  disclosure without imposing an undue burden on the issuer. 

The SEC is therefore proposing to amend the governing rules and regulations, as summarized below:

(1) In addition to the existing requirements for reporting initial public offering (IPO) results (Form 81-1-IPO), the issuer shall submit a supplemental report (81-1 Short-Form) to the SEC Office within a designated timeframe. This report must include the following information: 

- Major shareholders and their corresponding locked-up share details, 

- The top 10 investors allocated shares in the IPO offering, 

- The top 10 sponsors and related parties ("RP") allocated shares, and 

- The top 10 investors allocated shares by each underwriter.   

(2) The 81-1 Short-Form report of the shares offering results must be submitted at least two business days before the first trading day or within 30 days after the offering period closing date, whichever is earlier. The 81-1 Short-Form must be made through the Stock Exchange of Thailand’s (SET) Electronic Information Transmission System and shall be deemed reporting to the SEC. (This is the same channel for the current Form 81-1-IPO submission.)

The consultation paper is available at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=959. Stakeholders and interested parties are welcome to submit comments and recommendations via the website or email: corporat@sec.or.th. The public hearing ends on 22 January 2024.

______________________





Related News

SEC seeks public comments on the draft notification amending credit rating requirements for bonds with foreign risk exposure
SEC launches the “Financial Well-being in Workplace” project to encourage listed companies to prioritize employees’ financial well-being, with a pilot participation of 80 companies
SEC seeks public comments on proposed additional amendments to the takeover regulations to enhance clarity and coverage
SEC orders EMPIRE to disclose information on material asset acquisition and disposal transactions with SPTX
SEC instructs FVC to clarify information on the sale of KTMS shares to a related person by 28 April 2026 and urges shareholders to exercise their voting rights on 30 April 2026

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. 256 / 2023 Friday 22 December 2023
The SEC is proposing to amend the IPO reporting rules to improve investors' decision-making by providing more timely information

Bangkok, 22 December 2023 – The Securities and Exchange Commission (SEC) invites public comments on proposed amendments to the regulations governing the reporting of initial public offering shares (IPO shares) results. These amendments aim to enhance investor access to critical information prior to making investment decisions on the first trading day.

The SEC Strategic Plan 2024–2026 prioritizes the strengthening of Thai capital market trust and highlighting the critical significance of investor confidence in cultivating a robust capital market that serves as  a channel for fundraising of businesses and investment for investors. Ultimately, the goal is to achieve sustainable development, reduce inequalities. Recognizing the importance of complete, transparent, and timely IPO information for investors’ informed decision-making, the SEC aims to promote more timely information  disclosure without imposing an undue burden on the issuer. 

The SEC is therefore proposing to amend the governing rules and regulations, as summarized below:

(1) In addition to the existing requirements for reporting initial public offering (IPO) results (Form 81-1-IPO), the issuer shall submit a supplemental report (81-1 Short-Form) to the SEC Office within a designated timeframe. This report must include the following information: 

- Major shareholders and their corresponding locked-up share details, 

- The top 10 investors allocated shares in the IPO offering, 

- The top 10 sponsors and related parties ("RP") allocated shares, and 

- The top 10 investors allocated shares by each underwriter.   

(2) The 81-1 Short-Form report of the shares offering results must be submitted at least two business days before the first trading day or within 30 days after the offering period closing date, whichever is earlier. The 81-1 Short-Form must be made through the Stock Exchange of Thailand’s (SET) Electronic Information Transmission System and shall be deemed reporting to the SEC. (This is the same channel for the current Form 81-1-IPO submission.)

The consultation paper is available at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=959. Stakeholders and interested parties are welcome to submit comments and recommendations via the website or email: corporat@sec.or.th. The public hearing ends on 22 January 2024.

______________________