Thursday December 11 2025

News Source: Global Exchanges

Focus: Stock Exchange Regulation

Type: General

Country: Thailand

Link: https://tinyurl.com/5fesewbe




On 8th December 2025, the Securities and Exchange Commission of Thailand (SEC) proposed revisions to the regulations governing the issuance and offering of bonds with embedded derivatives. These revisions aim to better align with current offering characteristics and to clarify the guidelines regarding the purpose of funds used by issuers of debt instruments. The key points are as follows:

Guidelines for the issuance and offering of bonds with embedded derivatives

  • Improve the guidelines for considering underlying factors of Thai and foreign securities to be clearer, improve the qualifications of foreign securities to be equivalent to Thai securities to ensure consistent supervision, and abolish the process of verifying underlying stocks for stocks that are components of the SET100 index.
  • Improve the guidelines for the issuance and offering of bonds with embedded derivatives in the form of projects to be consistent with the characteristics of individual targeted offerings.
  • Improve the guidelines for the issuance and offering of bonds with embedded derivatives on a one-time basis to be appropriate and consistent with the guidelines for issuance and offering in the form of projects.
  • Improve the fees related to the issuance and offering of bonds with embedded derivatives.

Guidelines relating to the purpose of use of funds by the issuer of debt instruments

  • Improve the guidelines on the qualifications of issuers of debt instruments who use funds for purposes other than those disclosed, by establishing additional exceptions for cases where information on the misuse of funds has been disclosed and approved by the authorized person as specified in the terms and conditions.
  • Improve the guidelines on the use of funds received for purposes other than those disclosed, by including the use of funds within the disclosed timeframe, and if the issuer of debt instruments wishes to use the funds differently from those disclosed, the purpose of use of the funds must be changed before such use of the funds.

Click on the above link for further information