The Capital Market Supervisory Board at its meeting in late 2023 approved in principle the proposed regulations on the establishment of Thailand ESG Fund (TSEG Fund), which includes sustainability-related tokens as eligible assets. Subsequently, the SEC Board Meeting No. 1/2567 approved the proposed regulations regarding the offering of sustainability-related tokens to be on par with the regulations governing other sustainability-related products in the capital market as well as relevant disclosure of digital tokens.  

The SEC is therefore conducting this public hearing on the proposed regulations regarding the offering of sustainability-related digital tokens, namely green tokens, social tokens, sustainability tokens and sustainability-linked tokens to be in line with the regulations regarding other products in the capital market as well as the disclosure of information related to digital tokens. Additionally, the proposed regulations aim to support TESG Fund in investing in a more diverse range of sustainability-related products and ensure that investors have sufficient information for making well-informed investment decisions. The key points of the proposed regulations are as follows:  

1) Digital token issuers wishing to label their tokens as sustainability-related tokens must comply with relevant regulations;

2) To offer sustainability-related tokens, issuers are required to disclose relevant sustainability information aligned with international standards before and after token offering. Additionally, a review by a qualified external reviewer is required;

3) To improve investors’ access to information, ICO Portal and digital token exchange are further required to share information and reports published by token issuers on their official communication channel; 

  4) Fees, charged by the SEC, pertaining to the offering of sustainability-related tokens would be exempted until 31 May 2025.

The consultation paper is available at http://www.sec.or.th/hearing and https://law.go.th/. Stakeholders and Interested parties are welcome to submit comments and recommendations via the SEC’s website or emails: watan@sec.or.th, thapanee@sec.or.th or pitchal@sec.or.th. The public hearing ends on 12 April 2024. 

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