DR

Disclosure rules

A Depositary Receipt (DR) is a type of securities that can be traded similarly to stocks.

Rule summary

Periodic information disclosure

  1. Information related to operating results and financial positions of DR issuers
Required disclosureSubmission deadline*
Annual financial statements (audited)Pursuant to deadlines determined by regulators directly supervising the business operations of issuers, or by the Ministry of Commerce, whichever is earlier
Semi-annual financial statements (reviewed)
56-DRConcurrent with the submission of the annual financial statements

* If the deadline falls on a non-business day, it shall be postponed to the next business day.

2. Other important Information
Required disclosure/submissionDisclosure/submission deadline
DR distribution reports (direct listing)Within 14 days after full distribution, or within 3 months of first day of trading, whichever is earlier.
Monthly DR outstanding reportsWithin 15 days after month-end.

*If the deadline falls on a non-business day, it shall be postponed to the next business day.

Material event disclosure
Examples of information to be disclosed:
Required disclosureDisclosure time frame
1) Information related to operations of DR issuers or information affecting the trading price of DRs
  • Announcement of entitlements related to DRs (e.g., dividends)
  • Amendments to DR terms and conditions.
  • Events requiring immediate reporting under Section 57 of the Securities and Exchange Act B.E. 2535
  • Dividends or rights offerings of underlying foreign securities*
  • Suspension or trading halt of underlying foreign securities*
  • Orders by foreign exchanges requiring underlying issuers’ clarification or actions
  • Any events as specified in the DR terms and conditions
  • Failure of market makers (if any) to perform their duties*
  • Any events affecting investment decisions or DR price movement
Immediately
2) Book closing dates (BC) and record dates (RD)
Announcement of BC or RD≥ 5 business days prior to BC or RD
Changes to BC or RD≥ 5 business days prior to BC or RD previously disclosed

*DR issuers may make disclosure during the exchange’s trading hours.

Methods of information disclosure and submission 
- Disclosure and submission of information in both Thai and English must be made via SETPortal. 
- For material information requiring immediate disclosure, such disclosure must be made without delay on the event date or, at the latest, before the first trading session on the next business day.
disclosure-rules-DR-img01-EN
Contact us
For more information
Contact us
For more information
 please contact the Equity Product Development Department, The Stock Exchange of Thailand
 mail 1   E-mail: SETEQTEAM@set.or.th
 please contact the Equity Product Development Department, The Stock Exchange of Thailand
 mail 1   E-mail: SETEQTEAM@set.or.th