---
title: "Notification of the Board of… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/set-notification-bor-jor-por-22-01-connected-transactions-2003
description: "Notified 19 November 2003, in force 15 December 2003, with the table replaced and definitions amended on 21 July 2004 and 17 September 2004 and clauses 5…"
lang: en-US
---

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Wednesday, November 19, 2003rulebook

# Notification of the Board of Governors of The Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions, 2003 (Bor.Jor./Por.22-01)

Notified 19 November 2003, in force 15 December 2003, with the table replaced and definitions amended on 21 July 2004 and 17 September 2004 and clauses 5 and 23 repealed on 25 February 2009; read in the exchange's own published English translation. Clause 16(9) requires the report to carry "Opinions of the company's Audit Committee and/or directors which are different from the opinions of the Board of Directors", repeated for the shareholders meeting notice at clause 20(8), so divergence is a disclosure item rather than an internal matter. Clause 14 gives the Exchange an anti-splitting power with a six-month look-back running through relatives, clause 22 requires a three-fourths supermajority of votes cast excluding interested shareholders, and clause 21 allows the audit committee's own fairness opinion to substitute for an independent financial adviser's opinion.

Sources

The Stock Exchange of Thailand (https://media.set.or.th/rulebook/regulation/DisclosureofInformation_and_OtherActsofListedCompaniesConcerningtheConnectedTransactions.pdf)

Region: Southeast Asia: https://lyoenandpartners.com/insights/region/sea

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