In order to streamline the annual performance reporting process for publicly listed companies, the SEC has merged the Annual Registration Statement (Form 56-1) and the Annual Report (Form 56-2) into a single form. The integrated “56-1 One Report” form (“One Report”) must be submitted to the SEC within three months from the end of the accounting period. Publicly listed companies whose accounting period ends on December 31, 2021 will use the One Report form to file their reports for the 2021 fiscal year, and all listed companies will use the One Report from January 1, 2022 onwards. A manual for preparing the One Report may be found here.
Additionally, the One Report form has been updated to include disclosure of ESG (environmental, social, and corporate governance) information. When filing annual performance reports for the 2021 fiscal year, listed companies must include information about the company’s social and environmental impact. Similarly, companies undertaking an IPO must disclose information about greenhouse gas emissions in their IPO registration statement (Form 69-1) from January 1, 2021 onwards.
The SEC has modified criteria and created the “56-1 One Report” to assist listed companies who must submit updated annual performance reports and to improve the disclosure of ESG information
September 1, 2020
After holding a seminar to hear opinions from businesses and related parties on October 7, 2019, as well as receiving feedback through the website, the SEC has merged the Annual Report Filing Form (form 56-1) and the Annual Report form (form 56-2) into one form, called “the 56-1 One Report form,” to assist listed companies who have to prepare and submit updated annual performance reports. The SEC has also improved the IPO registration statement (filing form) for Thai and foreign companies that issue and offer securities to the public to be in accordance with the 56-1 One Report form. This will improve disclosure of ESG information for listed companies in order to reflect business operations under good corporate governance, and to take into account social and environmental impacts, such as policies, goals, and performance, including data on greenhouse gas emissions and respect for human rights
Listed companies must submit the “56-1 One Report” form to the office within 3 months from the end of the accounting period. Previously, listed companies had to submit the 56-1 form within 3 months from the end of the accounting period, and then submit the 56-2 form no later than the date of delivering it to the shareholders, and no later than 4 months from the end of the accounting period.
The “56-1 One Report” will come into force for the accounting period ending on December 31, 2021, for which listed companies have to prepare and publish reports for in 2022. IPO filing forms submitted to the SEC from January 1, 2021 onwards must disclose updated information on greenhouse gas emissions. The updated report filing system will be used from January 1, 2022 onwards.