Under the new rules, the issuer would disclose such information in a video format to better respond to investors’ changing behaviour and to ensure that investors have the information necessary for making informed investment decisions. The proposal is not expected to add much compliance cost because in practice issuers tend to disclose information to the investing public via VDO and Power Point presentations at IPO roadshows, the SEC said on Tuesday. This is to ensure that investors would receive material and necessary information before making investment decisions, the SEC explained. Instead, issuers would be required to supervise and ensure that their advertisement contained complete, correct and not misleading information. The consultation paper is available on the SEC website at http://capital.sec.or.th/…/upload/phs1516588607hearing_01_2.

Source: The Nation Bangkok January 23, 2018 17:03 UTC