SET extends fee cut measures to help listed companies get through COVID-19 crisis, effective from January 2021

Thursday 21 January 2021 15:22
The Stock Exchange of Thailand (SET) Group announces the extension of aid measures for listed companies affected by the ongoing COVID-19 pandemic. The measures comprise 1) Extending period of an annual registrar fee cut for listed companies and an annual fee cut for those participating in Opportunity Day, and 2) Imposing an additional annual fee reduction measure to encourage listed companied to deploy digital services supported by SET to ease their financial burden. The relief measures are due to take effect from January onwards.
SET extends fee cut measures to help listed companies get through COVID-19 crisis, effective from January 2021

SET President Pakorn Peetathawatchai said that the COVID-19 pandemic has dealt a blow to economies and industries around the world as well as Thai listed companies. Despite Thai listed companies' continuous preparedness and adaptation of their business operations in the previous year, financial burden remains a drag to their performance. Accordingly, SET Group has decided to extend its aid measures for 2021 to help cut down operating costs of listed companies, property funds, Real Estate Investment Trusts (REITs), and Infrastructure Funds (IFFs). The measures are as follows:

  1. Extending annual fee reductions: 1.1) The 10- percent discount on TSD annual registrar fee for SET- and mai-listed companies and 1.2) Up to 20 percent annual fee reduction but not exceeding THB 200,000 for listed companies joining Opportunity Day.
  2. Imposing the new aid measure: An additional discount of up to 15% on annual registrar fee is applicable to listed companies which used digital services supported by SET Group in 2021 to raise their efficiency. The fee reduction will put into place in the following year. The digital services are as follows: 1) Filing quarterly financial reports through FSCOMP (Financial Statement Comparability) system, 2) Using QR code for Annual General Meeting (AGM)'s filing submission, 3) Using e-Proxy voting at AGM, and 4) Proceeding registration tasks in accordance with the TSD's process to streamline business operations and reduce operating costs.

"In accordance with vision "To Make the Capital Market 'Work' for Everyone", SET has committed to developing capital market to provide benefits to all parties including capital market, society and the nation to grow together. We are ready to support all participants to get through the tough situations together and come out of it even stronger. We also believe that listed companies will capitalize on all infrastructures developed for the industry to increase their operational efficiency and potential in the long run ," Pakorn added.

For more information, please visit SETLink at www.setlink.set.or.th or contact via email: [email protected]

Source: SET Corporate Communications