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April 20, 2016

Lex Mundi Guide: ASEAN Regulations for Cross-Border Security Offerings

Lex Mundi

The ASEAN Regulations for Cross-Border Security Offerings guide, published by Lex Mundi, provides an overview of the regulations applicable to cross-border offerings of securities within ASEAN member states. The Thailand and Vietnam chapters of the guide, written by Kobkit Thienpreecha and Vinh Quoc Nguyen of Tilleke & Gibbins, cover the following topics:


  • Regulatory Bodies: The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand
  • Securities Offerings and Requirements: Foreign shares and exemptions
  • Foreign Debentures: Government bonds and corporate bonds
  • Foreign Collective Investment Scheme: Offering for sale shares in a foreign investment company
  • Marketing of Securities: Requirements of SEC approval, filing, and report of result of sale; definition of “offering for sale to the public;” and practical exemptions


  • Regulatory Bodies: The State Securities Commission of Vietnam, Ho Chi Minh Stock Exchange, and Hanoi Stock Exchange
  • Securities Offerings and Requirements: Offering shares to the public by a joint-stock company compared to listing shares of such a company on a stock exchange; and foreign issuer requirements
  • Marketing of Securities: General rules for domestic issuers and foreign issuers
  • Legends and Disclosure Requirements: Certificate for Public Securities Offering

Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100 countries worldwide.

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