SET-related investment rules amended

 From now on, unit holders of long-term equity funds (LTF) can redeem their investment more than twice a year. Meanwhile, under the rule that at least 65 per cent of the funds' sizes must be invested in listed companies' stocks, included in the 65 per cent portion would be underlying assets such as warrants, single stock futures, and exchange-traded funds linked with SET50.

 Listed companies do not need to organise a shareholder's meeting to approve the treasury stock scheme, if the repurchase ratio does not exceed 10 per cent of capital. The listed companies also need written endorsements from shareholders. The relaxation will last six months.

 The SEC also allowed companies not to file for approvals for the offering of  transferrable subscription right to existing shareholders, securities to directors or employees, warrants and shares to no more than 50 investors, convertible debentures to existing shareholders and debentures to foreign institutional investors.

 The private placement to high networth investors is also exempted from filing.