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SEC is conducting a public hearing on draft amendments to four laws to promote a digital capital market and enhance the efficiency of capital market regulation

Thursday 28 November 2024 | No. 255 / 2024

Bangkok, 28 November 2024 – The Securities and Exchange Commission (SEC) is inviting public comments on the draft amendments to the Securities and Exchange Act (No. ..), B.E. ...., the Derivatives Act (No. ..), B.E. ...., the Trusts for Capital Market Transactions Act (No. ..), B.E. .... and the draft amendments to the Emergency Decree on Digital Asset Businesses B.E. 2561. All four draft amendments have already been reviewed by the Office of the Council of State.

The proposed amendments are grouped into six key areas as follows:

(1) Digital Capital Market Promotion: updating legal frameworks to fully support electronic processes in the capital market and introducing provisions for Digital Infrastructure Main Operator;

(2) Supervision of Securities and Derivatives Business Operators: revising regulations for major shareholders of business operators and adding oversight provisions related to the personnel in securities and derivatives businesses;

(3) Supervision of Securities Market and Related Institutions: revising provisions related to the over-the-counter center in order to reduce barriers to establishment and operation, imposing regulatory measures to enhance the supervisory efficiency of the Stock Exchange of Thailand and introducing provisions regarding investment in securities by securities business related associations;

(4) Corporate finance Regulations and Audit firm and Capital Market Professional Supervision: revising regulations on debt instrument issuance and takeover activities and enhancing oversight of audit firms and capital market professionals;

(5) Enhancement of Law Enforcement and Penalty: vesting SEC officers the power to conduct an inquiry into certain criminal offenses that may seriously undermine trust and confidence in the capital market or national economic system and aligning penalty measures with Section 77 of the Constitution B.E. 2560 (2017) and the Act on Imposition of Pinai Regulatory Fines, B.E. 2565 (2022);

(6) Other Matters Related to SEC Administration.

The SEC has published detailed consultation documents on its website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1032 . Stakeholders and interested parties are encouraged to submit their feedback via the SEC website or email at woraboon@sec.or.th, pratchay@sec.or.th or sirinpat@sec.or.th. Comments may also be submitted through https://www.law.go.th/listeningDetail?survey_id=NDY2NERHQV9MQVdfRlJPTlRFTkQ= . The public hearing ends on 27 December 2024.

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Securities and Exchange Commission

Corporate Communication and Investor Service Department

Tel. (66)2033-9502-5 E-mail: press@sec.or.th

No. 255 / 2024	Thursday 28 November 2024
SEC is conducting a public hearing on draft amendments to four laws to promote a digital capital market and enhance the efficiency of capital market regulation
Bangkok, 28 November 2024 – The Securities and Exchange Commission (SEC) is inviting public comments on the draft amendments to the Securities and Exchange Act (No. ..), B.E. ...., the Derivatives Act (No. ..), B.E. ...., the Trusts for Capital Market Transactions Act (No. ..), B.E. .... and the draft amendments to the Emergency Decree on Digital Asset Businesses B.E. 2561. All four draft amendments have already been reviewed by the Office of the Council of State.
The proposed amendments are grouped into six key areas as follows: (1) Digital Capital Market Promotion: updating legal frameworks to fully support electronic processes in the capital market and introducing provisions for Digital Infrastructure Main Operator; (2) Supervision of Securities and Derivatives Business Operators: revising regulations for major shareholders of business operators and adding oversight provisions related to the personnel in securities and derivatives businesses; (3) Supervision of Securities Market and Related Institutions: revising provisions related to the over-the-counter center in order to reduce barriers to establishment and operation, imposing regulatory measures to enhance the supervisory efficiency of the Stock Exchange of Thailand and introducing provisions regarding investment in securities by securities business related associations; (4) Corporate finance Regulations and Audit firm and Capital Market Professional Supervision: revising regulations on debt instrument issuance and takeover activities and enhancing oversight of audit firms and capital market professionals; (5) Enhancement of Law Enforcement and Penalty: vesting SEC officers the power to conduct an inquiry into certain criminal offenses that may seriously undermine trust and confidence in the capital market or national economic system and aligning penalty measures with Section 77 of the Constitution B.E. 2560 (2017) and the Act on Imposition of Pinai Regulatory Fines, B.E. 2565 (2022); (6) Other Matters Related to SEC Administration. The SEC has published detailed consultation documents on its website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1032 . Stakeholders and interested parties are encouraged to submit their feedback via the SEC website or email at woraboon@sec.or.th, pratchay@sec.or.th or sirinpat@sec.or.th. Comments may also be submitted through https://www.law.go.th/listeningDetail?survey_id=NDY2NERHQV9MQVdfRlJPTlRFTkQ= . The public hearing ends on 27 December 2024.

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