The House of Representatives, at its meeting on 23 September 2026, resolved to accept in principle four draft capital market laws proposed by the Cabinet, namely the draft Securities and Exchange Act (No. ...) B.E. ...; the draft Derivatives Act (No. ...) B.E. ...; the draft Trust for Transactions in Capital Market Act (No. ...) B.E. ...; and the draft Act Amending the Emergency Decree on Digital Asset Businesses B.E. 2561, B.E. .... The House of Representatives also appointed an extraordinary committee to further consider the details of the draft laws.
Mrs. Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), said: “The four draft capital market laws constitute an important part of the ongoing efforts to improve the legal framework and supervisory mechanisms for Thailand’s capital market to keep pace with developments in technology, business operations, and the evolving capital market landscape, which have remained a consistent priority for the SEC. These legislative amendments are intended to make the regulatory framework governing the capital market more appropriate and capable of accommodating the next stage of capital market development, alongside the supervision of business operators, investor protection, and enhanced law enforcement efficiency. This will help strengthen confidence and enable Thailand’s capital market to continue serving as a key mechanism for driving the country’s economy.”
The key elements of the four draft laws cover six areas, as follows:
(1) 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.
(2) 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.
(3) 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.
(4) 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.
(5) 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.
(6) 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.