Bangkok, 15 April 2020 – SEC has announced a relief measure to alleviate the impacts of the spread of the Coronavirus disease (COVID-19) on securities issuers. The measure, which will take effect on 23 April 2020, gives issuers of all types of securities a rate cut on the annual fee due in 2020 and extends the deadline for annual fee payment until the end of the year.
SEC Secretary-General Ruenvadee
Suwanmongkol said that the relief measure for issuers of all types of
securities applies to the annual registration statement fee (annual fee) that
is due in 2020 as follows:
(1) waiver of the annual fee for small-sized listed
companies and issuers of any securities other than shares, for example,
debentures, derivatives warrants and real estate investment trusts;
(2) a 30-percent rate reduction for
medium-sized and larger listed companies; and
(3) an extension of the annual fee
payment due date from May 2020 to the end of December 2020.
In any case, to be eligible for the waiver or the rate cut of annual
fee, the securities issuers must not have a record of criminal fining or
criminal complaint for failure to prepare and submit financial statements or
reports on financial position and operating results, and must have a record of annual
fee payment within deadline. The relief measure will take effect from 23 April
2020.
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Note: a small-sized listed company is a
company with the shareholder’s equity not exceeding 500 million baht. A
medium-sized listed company is a company with the shareholder’s equity worth 500
million baht or more.