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.
________________
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.