Thailand Cabinet approves four bills to tighten capital-market oversight

Thailand’s Cabinet on August 25 approved four amendment bills covering the country’s capital-market framework, including the Securities and Exchange Act B.E. 2535 from 1992 and the Emergency Decree on Digital Asset Businesses B.E. 2561 from 2018. The package would give the Securities and Exchange Commission, or SEC (Thailand’s capital-markets regulator), broader powers to expedite investigations into serious capital-market offenses and increase oversight of auditors and financial advisers. It would also validate electronic documentation in more contexts, update secondary-market and fundraising rules, and align the legal framework for crypto exchanges, token offerings and digital-asset custodians. The proposals followed public consultations in June 2026 on undisclosed share pledges, major-shareholder disclosures and short-sale practices, and were reviewed by the Office of the Council of State. SEC Secretary-General Pornanong Budsaratragoon said the reforms are needed to improve transparency and competitiveness in the digital age. The bills could reduce information asymmetry between institutional and retail investors and provide greater certainty for fintech companies, but they still must pass through Thailand’s legislative process before implementation.

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