The Thailand Securities and Exchange Commission has invited public comments on draft amendments to regulations on bond issuers’ eligibility and use of proceeds, targeting cases where proceeds are used inconsistently with previously disclosed purposes and how issuers can change the stated use of proceeds. The proposals aim to clarify current requirements and increase flexibility to avoid obstacles to fundraising. The draft would add exemptions to issuer eligibility criteria where changes in the use of proceeds have been approved by authorised persons as specified in the terms and conditions governing bondholders’ rights. It would also require issuers to use proceeds in accordance with disclosed purposes and timeframes, and to complete the process for changing the use of proceeds before applying funds in a manner different from what was previously disclosed. The consultation closes on 11 May 2026, and the consultation paper is available on the SEC website and Thailand’s Legal Hub.
Thailand Securities & Exchange Commission 2026-04-10
Thailand Securities and Exchange Commission opens consultation on draft amendments to bond issuer use of proceeds and change approval rules
The Thailand Securities and Exchange Commission is consulting on draft amendments to regulations on bond issuers’ eligibility and use of proceeds, focusing on situations where proceeds are used inconsistently with disclosed purposes and on processes for changing such purposes. The proposals would introduce exemptions to eligibility criteria where changes are approved under bondholder terms, require use of proceeds in line with disclosed purposes, and mandate completion of change-of-use procedures before applying funds differently.