SEC is proposing to amend the SEA in the part related to the preparation and submission of interim financial statements of listed companies. The amendment would allow SEC to have more flexibility in issuing regulations on disclosure of interim financial information, including the requirements on format, frequency and period of preparation and submission of interim financial reporting. Currently, SEC is not planning to amend the regulations related to preparation and submission of interim financial statements* of listed companies. However, SEC deems it is necessary to propose amendment to the SEA to enhance flexibility and accommodate future changes suitable for the Thai capital market landscape. Over the past years, foreign studies have shown that many foreign capital markets have revised their regulatory frameworks on disclosure of interim financial information to ensure that such information will best benefit investors in terms of information adequacy, accuracy and timely availability.
*Interim financial statements are quarterly financial statements and semi-annual financial statements.
Source: Securities and Exchange Commission