Thailand Securities and Exchange Commission repeals 20 percent annual registration statement filing fee reduction for SET-listed companies

The Thailand Securities and Exchange Commission (SEC) has amended its fee regulations to repeal the filing fee reduction for listed companies submitting the annual registration statement, citing the need to better align the framework with current circumstances. Under the Office of the SEC notification on fees for filing registration statements and related applications, issuers listed on the Stock Exchange of Thailand were eligible for a 20 percent reduction in the annual registration statement filing fee if they had never been subject to SEC criminal settlements or SEC-filed legal complaints for failing to prepare and submit required financial statements or reports, and if they paid the fee within the specified timeframe. The SEC observed that most listed companies already meet these conditions and concluded that the incentive objectives have been achieved, while noting that compliance and timely payment are fundamental legal duties. Other fee reduction measures remain in place, including allowing expenses for hiring consultants and/or reviewers to be used as deductions from filing fees for the registration statement and annual registration statement for companies that disclose greenhouse gas emissions data; the SEC also plans to review and enhance conditions and other fee reduction measures. The amendments apply to filings of the annual registration statement for 2024, with fees due for payment from 2025 onwards.