At its
meeting on 10 June 2026, the House of Representatives resolved to accept in
principle the draft amendments to the SEA (Securities and Exchange Act B.E.
.... (No. ..)), as proposed by the Cabinet, to revise the provisions to
accommodate the issuance of digital securities and to prescribe penalties for
violations of, or non-compliance with, the rules and regulations governing
digital securities. The House of Representatives also appointed a
standing committee
to further consider the details.
Mrs.
Pornanong Budsaratragoon, SEC Secretary-General, said: “The SEC recognizes the
important role of innovation and technology in advancing Thailand's capital
market. In developing the digital securities ecosystem, the SEC gives priority
to security and investor protection, and is ready to support the amendments to
the SEA. The amendments are aimed at promoting a Thai capital market that
fosters competition and innovation as key drivers toward the digital economy.
The SEC has been actively promoting the development of the digital securities
ecosystem and
expects it to serve as a foundation for the issuance and trading of digital
securities to be conducted efficiently, transparently and reliably, forming an
important foundation for the sustainable development of Thailand’s capital
market toward the digital economy.”
Digital
securities are securities under the SEA issued in the form of electronic data.
Their information can be recorded, transferred and pledged as collateral
through an electronic system without the need to issue physical securities
certificates from the outset. This does not create a new type of digital assets.
Rather, it enables “securities already recognized under the SEA,” such as
shares, debt securities or investment units, to be issued and transacted in
electronic form while remaining subject to the securities law and the existing
capital market regulatory framework. This would be highly beneficial to
fundraisers, particularly SMEs, and the public in making use of and gaining
better access to the capital market.
The use of digital
securities will help modernize and improve the efficiency of capital market
infrastructure by transforming processes that still rely on paper documents or
data transmission among multiple market participants into a fully end-to-end
digital process. As a result, the issuance, trading, transfer, and settlement
of securities can be carried out more quickly and accurately, while reducing
redundant operational steps. It will also help reduce costs and the burden of
paper document storage for business operators and securities issuers, and
enable investors to access investment more easily, reduce the risks of document
loss and forgery, and verify the accuracy of information more conveniently and
quickly. These developments are aligned with global trends in financial
technology, international standards of domestic and foreign regulators, and efforts
to enhance the competitiveness of Thailand’s capital market in the digital
economy.