Rapee Sucharitakul, the SEC's Secretary-General, revealed that the Capital Market Supervisory Board approved the revision of regulations to facilitate debt securities offerings. An approval of two year program will be introduced under the revised regulations enabling the issuer to make several offers for sale of debt securities by simply filing securities' features and additional information in case of the event affecting investment decision making. The program approval suits the issuer making several offers for sale of debt securities in the proximate period and allows the issuer to make such offer when having financial need. The existing approval scheme, on the contrary, requires the issuer to seek approval and file full form of registration statement for every offer which could affect fundraising plan, costs and need of the issuer. Nonetheless, the issuer must maintain its qualifications and compliance with approval conditions as well as disclosure requirements all through the program; unless otherwise, the approval will be suspended.
In 2014, the total debt offering value in Thailand was 9.8 trillion baht; comprising 6.3 trillion baht of government bonds and 3.5 trillion baht of corporate bonds. Expected to become effective by the third quarter of this year, the revised regulations of the Capital Market Supervisory Board aim to facilitate issuers and help increase corporate bond issuance.