The Thailand Securities and Exchange Commission has amended regulations on the use of proceeds for debt securities issuers to clarify when issuers may depart from disclosed purposes and to avoid unnecessary constraints on fundraising. The changes took effect on 1 July 2026. The revised rules add exemptions to issuer qualification requirements for cases where proceeds are used inconsistently with disclosed purposes, if that use has been disclosed and approved by the authorized person specified in the terms and conditions. They also clarify that compliance with disclosed use of proceeds includes the disclosed timeframe. If an issuer wants to use proceeds differently from what was disclosed, it must amend the stated use-of-proceeds purposes before using the funds in that way.
Thailand Securities & Exchange Commission2026-07-02
Thailand Securities and Exchange Commission amends debt securities use of proceeds rules to add exemptions and clarify timing requirements
The Thailand Securities and Exchange Commission has revised debt securities use of proceeds rules to address ambiguity and give issuers more flexibility in fundraising. The changes add exemptions where alternative use has been disclosed and approved under the terms and conditions, and require issuers to amend disclosed purposes before using proceeds differently or outside the disclosed timeframe.