The amended regulations on the reporting of changes involve securities, namely shares, convertible securities and derivatives held by directors, executives and auditors of listed companies.** By ensuring more appropriateness, less reporting repetition, and more flexibility for those responsible for the reporting, the amendment still ensures that the users receive sufficient information in a timely manner. The key points of the amendment are as follows:   

1) Extending the reporting period for small transactions involving changes to securities holdings and allowing the consolidation of reports for these small transactions at a single time;            

2) Exempting the reporting requirement for directors or executives who are spouses or cohabit as husband and wife within the same listed company if one of the persons has already submitted a report to the SEC. The measure aims to streamline reporting procedures and reduce redundancy;   

3) Further clarifying the reporting deadline in case of acquisition of capital shares and convertible securities;

The relevant notification*** has become effective from 16 March 2024 onwards.

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Remarks:

* Regulatory Guillotine is the regulatory review of the existing laws and regulations. The reviewed laws and regulations that are not necessary or do not keep pace with situations or remain obstacles to living or occupations will be abolished or revised to lessen burden on people. By doing so, methods used must be done with speed, transparency, low costs with participation of all related parties.

** Pursuant to Section 59 of the Securities and Exchange Act B.E. 2535 (1992) and the Notification of the Office of the Securities and Exchange Commission No. Sor Jor. 38/2561 Re:  Reporting Changes to the Securities and Derivatives Holding of Directors, Executives, Auditors, Planners and Plan Administrators, dated 16 July 2018.  

*** The Notification of the Office of the Securities and Exchange Commission No. Sor Jor. 6/2567 Re: Reporting Changes to the Securities and Derivatives Holdings of Directors, Executives, Auditors, Planner and Plan Administrator, dated 5 March 2024:  https://publish.sec.or.th/nrs/10125s.pdf.