Bangkok, 25 March 2019 – The SEC is seeking public comments on draft amendments to the rules related to handling of conflicts of interest during the process of issuance and offering for sale of equities and debts to enhance transparency and efficiency of investor protection.
Measures for preventing conflicts of interest are an important part of the SEC
policy especially in the process of securities issuance and offering, which
involves participation of key intermediaries such as financial advisor,
underwriter and bondholders’ representative. These intermediaries may be related
to the issuer and the offeror in such a way that may have an impact on their
duty performance, for example, cross-shareholding, having the same directors,
and the underwriter or the financial advisor being the creditor to the issuer,
therefore, is proposing draft amendments to the handling of conflicts of
interest rules to improve efficiency of the securities offering process, which
include preventive measures and disclosure measures to support investors’
decision making. These proposed amendments are a result of the Regulatory Reform
Project, which the SEC initiated earlier and invited stakeholders to review
relevant rules while the project advisor rendered his comments and opinions
based on international standards.
In addition to the draft amendments
above, the SEC is seeking comments on the proposed rules related to partial
securities offering to cornerstone investors whereby the underwriter would not
be allowed to be a cornerstone investor of the underwritten securities to
protect the best interest of investors.
The consultation paper is available at
and interested parties are welcome to submit comments through the website, or
facsimile: 0-2263-6502, or email: firstname.lastname@example.org. The public hearing ends on 6 April
hearing documents (in Thai language only) are available at