• Thai SEC issued consultation on the revision of regulations for securities takeovers.

Amendments

• Revised takeover regulations to reduce filing channels and increase flexibility for those making a tender offer for all securities of a business and related parties
• Currently data for tender offers must be submitted in hard copy and electronically.
• Proposal to adjust takeover criteria to remove hard copy submission requirements.
• Relevant reports can be submitted electronically via Thai SEC's online system.
• Part of amendment program to reduce unnecessary costs to the business sector.

Effectiveness

• Interested parties invited to comment until 18 December 2020.