SEC adjusts criteria "Allocation of equity instruments" to be more clear Distribute to a wide range of buyers - do not avoid criteria
On October 4, 2566, the Office of the Securities and Exchange Commission (SEC) revealed that the SEC issued an announcement to improve the rules regarding Allocate equity To be more clear
It is based on the principle of distribution to a wide range of subscribers. Do not choose to allocate to any specific person and do not avoid criteria. Effective from October 1, 2566
According to the Capital Market Supervisory Board, in its meeting No. 11/2565 on November 15, 2565, resolved to approve the amendment of the principles regarding the allocation of equity instruments to make them more clear by the SEC. It has been opened to listen to opinions from those involved in February - March 2566.
The SEC therefore issuedAnnouncement of improvement of equity allocation criteria* that requires companies issuing equity instruments to comply with the rules The important points are as follows:
(1) There must be a clear separation of equity instruments to be allocated to different groups of persons. It is based on the principle of distributing equity instruments to a wide range of subscribers. and must not have the characteristics of choosing to allocate to any specific person (cherry pick) and must not have the nature of avoiding the rules (arbitrage) regarding the allocation of specified shares, and
(2) Information on the allocation of such equity instruments must be clearly disclosed in the registration statement and prospectus (filing form).
The announcement specifying the said principles has been published in the Royal Gazette and will come into effect from October 1, 2566.
Note: * Announcement of the Capital Market Supervisory Board No. TorChor. 18/2566 regarding the sale of newly issued securities in the category of shares and warrants to purchase shares of companies issuing equity instruments (No. 7) https://publish.sec.or.th/nrs/9846p_r.pdf
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