Bangkok, 30 March 2025 – As a large number of business operators in the capital and digital asset markets (“business operators”), listed companies and securities issuing companies have been affected by the earthquake in Bangkok on 28 March 2025, the Securities and Exchange Commission (SEC) acknowledges and understands the impact of this incident and therefore grants an extension of reporting deadlines and allows business operators and regulated companies to request additional extension for the SEC’s consideration on a case-by-case basis. The details are as follows:  

1. Securities companies, derivatives business operators and asset management companies: Due to the trading suspension on the Stock Exchange and the Derivatives Exchange, potentially causing securities companies, derivatives business operators, and asset management companies to be unable to submit reports or calculate the net asset values (NAV) of mutual funds within the specified timeframe, the SEC has therefore granted an extension for report submission from Friday, 28 March 2025 to Monday, 31 March 2025. If business operators are still unable to complete the reports within the extended deadline, they can submit a request for additional extension together with supporting reasons for the SEC’s consideration. 

Furthermore, this situation may prevent clients who are required to post additional margin for derivatives trading on Friday, 28 March 2025, as requested by derivatives brokers on the previous business day, from doing so within the specified timeframe. In such case, derivatives brokers must follow up with their clients to ensure that the required additional margin is posted by Monday, 31 March 2025, before the market closes.

Additionally, this situation may prevent clients who wish to roll over their expiring derivatives contracts (near-month) to new contracts with longer maturities (far-month) for spread trading on Friday, 28 March 2025, from executing their transactions. This could result in additional margin calls. In such case, derivatives brokers should allow such clients to establish spread positions during the morning trading session without requiring the additional margin at that time. However, if clients do not complete the rollover, derivatives brokers must ensure that the required additional margin is posted by Monday, 31 March 2025, before the market closes. 

For asset management companies that need to cancel trading orders received before the earthquake or are unable to calculate the NAV within the specified timeframe, they must notify investors and announce the new NAV publication schedule via the companies’ websites, and report to the SEC. 

Additionally, all capital market operators, including crowdfunding portals, may request an extension for submitting the documents with supporting reasons as follows: (1) the IT audit report and corrective action plan, and (2) the Risk Level Assessment (RLA).   

Business operators that need to activate their Business Continuity Plan (BCP) may allow employees to work from home in compliance with the SEC Circular No. Nor Thor. (Wor) 8/2563 dated 28 February 2020*, and notify the SEC.   

2. Listed companies and issuing companies affected and unable to submit 56-1 One Report on time may submit a request for an extension to the SEC by 31 March 2025 together with supporting reasons and an expected submission timeline. Additionally, they must disclose this information through the Electronic Listed Company Information Transmission System of the Stock Exchange of Thailand (SETLink) for investors’ information. 

3. Debt securities issuers affected and unable to submit reports under Section 56** within deadline on 31 March 2025 must submit a request for an extension to the SEC by 31 March 2025 together with supporting reasons and an expected submission timeline, and disclose this information to investors.  

4. ICO issuers and business operators related to digital assets may submit a request for a reporting extension with supporting reasons, as follows: 4.1) ICO issuers for the annual updated information statement, 4.2) digital asset business operators for the reports*** due for submission to the SEC, 4.3) ICO portals for the IT audit report and corrective action plan, and the RLA (Risk Level Assessment).  

Details on submission channels and further inquiries are available in the attachment.  

Remarks:

* SEC Circular No. Nor Thor (Wor) 8/2563 Re: Clarification of the Implementation of the Business Continuity Plan (BCP) of business operators dated 28 February 2020: https://publish.sec.or.th/nrs/8392p_r.pdf 

** Reports under Section 56 are the annual financial statements, the annual key financial ratio, the financial highlight report, the financial covenants and the report on the use of proceeds from debt securities offering.  

*** Daily Net Capital Report (Form Dor Jor. 1), Daily Net Capital Report (Form Dor Jor. 1-custodian), Monthly Net Capital Calculation Report (Form Dor Jor. 2), Information related to Service Provision Quality and IT Usage Capacity, Customer Identification Data, Customer Wallet Data Report, Customer Outstanding Data Report, Customer Data, Orderbook, Tradebook, Deposit / Transfer / Withdraw Report, OTC report, IT audit report and corrective action plan and RLA (Risk Level Assessment).