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SEC approves depositary receipt as security



Monday 24 February 2014 | No. 23 / 2014



Bangkok, February 24, 2014 ? SEC Secretary-General Vorapol Socatiyanurak revealed that the SEC Board approved to prescribe a depositary receipt (DR) as a security under the Securities and Exchange Act, B.E. 2535. The DR issuers will be subject to the approval and disclosure rules to be specified later. In addition, the permissible DR must represent a security listed on overseas exchange as well as other securities, instruments or other assets to be specified by the SEC Board. The introduction of DR is in accordance with the SEC strategic plan, aiming to widen investment opportunities and choices for investors with appropriate weight given to investor protection.