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SEC revises rules on disclosure of listed companies to strengthen the preparation of Interim MD&A and improve Form 56-1 One Report, supporting the Corporate Value Up and JUMP+ initiatives



Monday 19 January 2026 | No. 17 / 2026


Bangkok, 19 January 2026 – The Securities and Exchange Commission (SEC) has revised rules to uplift the preparation of Interim MD&A (Management Discussion and Analysis) and improve Form 56-1 One Report, requiring disclosure of business goals and operational plans aimed at enhancing corporate value to ensure investors have sufficient information for investment decision making. 

As part of the SEC’s initiative to strengthen the preparation of Interim MD&A and improve Form 56-1 One Report, the SEC conducted a public hearing on the proposed amendments in October–November 2025, in which the majority of respondents agreed with the SEC’s proposal. The SEC has therefore issued three notifications* to implement these amendments, which will take effect from 31 December 2026 onward. Key details are summarized as follows:

    1. All listed companies, foreign companies, as well as property funds and real estate investment trusts (REITs) listed on the Stock Exchange of Thailand are required to prepare and submit Interim MD&As. The disclosure must cover six key areas: (1) overview of business operation, including economic and industry conditions affecting operations; (2) summary of significant events and developments; (3) summary of operating results; (4) summary of financial position; (5) factors affecting future operations or growth; and (6) other information (if any). The Interim MD&A must be submitted within the deadline for financial statement submission;

    2. Form 56-1 One Report has been revised to enable listed companies participating in the Corporate Value Up and/or JUMP+ initiatives to disclose board-approved goals and operational plans for enhancing corporate value annually through this form.

In this regard, these measures aim to ensure that investors have sufficient information for investment decision making and to promote overall transparency in the capital market.

Notes:

* Three relevant notifications are:  

(1) Notification of the Capital Market Supervisory Board No. TorJor. 48/2568 Re: Rules, Conditions and Procedures for Disclosure of Information relating to Financial Status and Operating Results of Issuing Companies (No. 30) dated 25 December 2568

(2) Notification of the Capital Market Supervisory Board No. TorJor. 49/2568 Re: Rules, Conditions and Procedures for Disclosure of Information relating to Financial Status and Operating Results of Foreign Companies Issuing and Offering Shares (No. 7) dated 25 December 2568

(3) Notification of the Capital Market Supervisory Board No. TorJor. 50/2568 Re: Rules, Conditions and Procedures for Disclosure of Mutual Funds and Real Estate Investment Trusts or Infrastructure Trusts (No. 13) dated 25 December 2568












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. 17 / 2026 Monday 19 January 2026
SEC revises rules on disclosure of listed companies to strengthen the preparation of Interim MD&A and improve Form 56-1 One Report, supporting the Corporate Value Up and JUMP+ initiatives

Bangkok, 19 January 2026 – The Securities and Exchange Commission (SEC) has revised rules to uplift the preparation of Interim MD&A (Management Discussion and Analysis) and improve Form 56-1 One Report, requiring disclosure of business goals and operational plans aimed at enhancing corporate value to ensure investors have sufficient information for investment decision making. 

As part of the SEC’s initiative to strengthen the preparation of Interim MD&A and improve Form 56-1 One Report, the SEC conducted a public hearing on the proposed amendments in October–November 2025, in which the majority of respondents agreed with the SEC’s proposal. The SEC has therefore issued three notifications* to implement these amendments, which will take effect from 31 December 2026 onward. Key details are summarized as follows:

    1. All listed companies, foreign companies, as well as property funds and real estate investment trusts (REITs) listed on the Stock Exchange of Thailand are required to prepare and submit Interim MD&As. The disclosure must cover six key areas: (1) overview of business operation, including economic and industry conditions affecting operations; (2) summary of significant events and developments; (3) summary of operating results; (4) summary of financial position; (5) factors affecting future operations or growth; and (6) other information (if any). The Interim MD&A must be submitted within the deadline for financial statement submission;

    2. Form 56-1 One Report has been revised to enable listed companies participating in the Corporate Value Up and/or JUMP+ initiatives to disclose board-approved goals and operational plans for enhancing corporate value annually through this form.

In this regard, these measures aim to ensure that investors have sufficient information for investment decision making and to promote overall transparency in the capital market.

Notes:

* Three relevant notifications are:  

(1) Notification of the Capital Market Supervisory Board No. TorJor. 48/2568 Re: Rules, Conditions and Procedures for Disclosure of Information relating to Financial Status and Operating Results of Issuing Companies (No. 30) dated 25 December 2568

(2) Notification of the Capital Market Supervisory Board No. TorJor. 49/2568 Re: Rules, Conditions and Procedures for Disclosure of Information relating to Financial Status and Operating Results of Foreign Companies Issuing and Offering Shares (No. 7) dated 25 December 2568

(3) Notification of the Capital Market Supervisory Board No. TorJor. 50/2568 Re: Rules, Conditions and Procedures for Disclosure of Mutual Funds and Real Estate Investment Trusts or Infrastructure Trusts (No. 13) dated 25 December 2568