[Last updated: 1 January 2024, unless otherwise noted]

The language used in all documents filed with the SEC Office should be as follows:

• If the documents filed with the company's home exchange are in English, the foreign company may submit the documents in English.
• In all other cases, the foreign company must file the documents in Thai or English.
• If the documents were translated from other languages, the translator must certify that the substance of the translation is correct when compared to the original documents, and the foreign company must certify that the translated information is true and does not conceal information that should have been disclosed.

Key differences in requirements for domestic companies

The key differences in requirements between domestic and foreign companies listing on the SET relate to approval by the Thai SEC, financial statements, and corporate governance. Under the domestic requirements, there are a number of regulatory relaxations for foreign companies, which are intended to facilitate access to Thai capital markets by non-Thai companies.

Any offering of securities to public investors in Thailand, either by domestic or foreign companies, requires prior approval from the Thai SEC. The language used in the documents of foreign companies filed with the Thai SEC can be in English, provided that all subsequent filing documents are also in English.

Unlike the financial statements of domestic companies, financial statements of foreign companies can conform to Thai Accounting Standards, IFRS, an accounting standard recognized or prescribed by the home regulator or home exchange, or any other accounting standard recognized by the Thai SEC.

The SEC Office may grant a relaxation to a foreign company in relation to its compliance with the following corporate governance requirements:

• Connected transactions.
• The report of the interests of the directors, executives, and related persons.
• The acquisition and disposition of material assets of the company.
• Proxy voting.
• The report of the acquisition and disposition of securities of the business or company.
• Takeover.
• Frustration actions.