Clifford Chance
Thailand: New Takeover Rules Notification
2 June 2011
On 13 May 2011 the Capital Market Supervisory Board (the regulatory body now responsible for the Takeover Rules, instead of the Securities and Exchange Commission) issued its Notification no. TorJor. 12/2554 re: Rules, Conditions and Procedures for the Acquisition of Securities for Business Takeovers. This new Notification become effective on 1 June 2011.
The CMSB's new Notification amends the existing Takeover Rules but is understood to cover only some of the issues to be revised. A number of other issues raised at a public hearing held in 2010 are in process with the CMSB and expected to be covered later.
