THAILAND: SEC Supports Amendments to Four Capital Market Laws

Thursday September 24 2026

On 24^th September 2026, the Securities and Exchange Commission (SEC) supported amendments to four capital market laws to strengthen supervision of the Thai capital market and accommodate developments in technology, business operations, and the evolving capital market landscape. The amendments aim to enhance law enforcement efficiency, protect investors, and strengthen confidence in the Thai capital market.

The House of Representatives resolved to accept in principle following four draft capital market laws proposed by the Cabinet:

• draft Securities and Exchange Act
• draft Derivatives Act
• draft Trust for Transactions in Capital Market Act
• draft Act Amending the Emergency Decree on Digital Asset Businesses B.E. 2561, B.E.

The key elements of the four draft laws cover six areas, as follows:

• Promotion of the digital capital market, such as amending the law to comprehensively support electronic processes in the capital market and adding provisions on service providers of systems that are significant to the capital market.
• Supervision of securities and derivatives business operators, such as aligning the supervision of major shareholders of securities companies and derivatives business operators and adding provisions related to the supervision of personnel in the securities and derivatives businesses.
• Supervision of secondary markets and organizations related to securities and derivatives businesses, such as revising provisions on over-the-counter centers to reduce limitations on their establishment and operation; adding supervisory measures to enhance the effectiveness of supervision of the Securities Exchange; and adding provisions on the investment in securities by associations related to the securities business.
• Fundraising, supervision of audit firms, and supervision of service providers related to the capital market, such as revising provisions on the issuance and offering of securities and debentures; expanding the rules on the acquisition of securities for business takeovers to cover trusts; and supervising audit firms and service providers related to the capital market.
• Enhancement of law enforcement efficiency and prescription of sanctions, such as granting SEC officials authority to participate as joint investigators in the investigation of certain offenses that have a severe impact on confidence in the capital market system or the country’s economy, as well as revising penalty provisions to make the prescribed sanctions more appropriate to the nature and severity of the offenses, including the imposition of Pinai Regulatory Fines for non-serious offenses, whereby offenders are required to pay such fines in lieu of criminal penalties.
• Other matters related to the SEC’s organizational administration Following the House of Representatives’ resolution to accept the draft laws in principle, the draft laws will undergo detailed consideration by the extraordinary committee. The House of Representatives and the Senate will then consider the draft laws in sequence in accordance with the legislative process before their publication in the Royal Gazette.

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