THAILAND: SEC Amends Criteria for Business Operators to Verify Customer Information when Setting and Reviewing Securities Trading Limits

Thursday June 19 2025

On 17^th June 2025, the Securities and Exchange Commission (SEC) has revised the criteria for requiring securities companies and futures business operators  (business operators) to verify each other’s customer information so that business operators have necessary and sufficient customer information to be used in considering and reviewing credit limits for customers appropriate to the customers’ debt repayment capability in order to reduce the risk of inappropriate trading behavior and the chance of default on securities trading prices that may affect the financial position of business operators, as well as reduce systemic risks.

Therefore, the duties of business operators are defined, which can be summarized as follows:

1. Business operators have a duty to collect, evaluate and analyze data of customers requesting high credit limits or high risks from other business operators providing services to the same customers in order to obtain data on such customers related to their ability to repay debts and use such data in the analysis to determine credit limits effectively.
2. The business operator who has received a request for information has a duty to deliver customer information as requested by other business operators.
3. A business operator who requests information verification must disclose such customer information to other business operators who provide services to the same customer.

The amended criteria will be effective from February 1^st, 2026.

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