THAILAND: SEC Revises the Regulations Regarding Requirements for Securities and Futures Business Operators

Wednesday September 3 2025

On 2^nd September 2025, the Securities and Exchange Commission (SEC) revised the regulations regarding requirements for securities and futures business operators (business operators) who are unable to maintain capital funds, to ensure customer assets are safe and services can be continuously provided, effective from September 1^st, 2025.

The SEC has therefore revised the criteria regarding requirements for business operators who are unable to maintain capital funds, with the following key points:

1. Improving the regulations for business operators who are unable to maintain capital funds, with a sequence of actions starting from suspending services for specific businesses that may cause systemic risks, transferring assets and futures contract positions of customers to new business operators, and clearing futures contract positions.
2. Relaxation of business restrictions: Business operators that also operate digital asset businesses, but are unable to maintain capital funds due to the value of digital assets held by the operator or the rapid increase in the volume of digital asset trading, may request relaxation of business restrictions only for the securities and futures businesses, provided they can demonstrate that they still have sufficient liquidity to be able to conduct their securities and futures businesses as usual.
3. Improving the criteria for maintaining customer assets, adding exceptions for transferring customer assets, allowing business operators to proceed without requesting customer consent in cases where the business operator is unable to maintain the fund, transfers pursuant to orders based on authority under other laws, and transfers resulting from the business operator’s intention to terminate or transfer the business according to the license type.

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