Cabinet approves 4 capital market law amendments

Matichon•Politics•1d ago

Reader Briefing

The Cabinet approved the Ministry of Finance's proposal to amend four capital market laws to integrate appropriate technology and improve law enforcement.

•The Cabinet approved four draft laws related to the capital market on August 25.
•The amendments aim to support the digital economy and enhance the efficiency of electronic transactions.
•Changes include granting the Securities and Exchange Commission (SEC) joint investigation powers for high-impact cases.
•The laws target the modernization of the Thai capital market in terms of technology, investor confidence, and regulatory efficiency.

Overview

•On August 25, Ratchada Thanadirek announced the results of the Cabinet meeting.
•The Cabinet approved the Ministry of Finance's proposal to improve four capital market laws.
•The improvements aim to support the use of appropriate technology in capital market transactions and increase law enforcement efficiency.
•The amendments will allow electronic delivery of advertisements, notices, and documents to be legally valid.
•The Securities and Exchange Commission (SEC) officials will be granted power to conduct joint investigations with inquiry officials or special case inquiry officials in high-impact cases.
•The amendments cover the Securities and Exchange Act, the Derivatives Act, the Trust for Transactions in Capital Market Act, and the Emergency Decree on Digital Asset Businesses 2018.
•The updates seek to elevate the Thai capital market in terms of electronic process support, investor confidence, and regulatory oversight of gatekeepers.

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Key Entities

Organization

Cabinet(ครม.)

The government body that approved the amendments to four capital market laws.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry that proposed the improvements to the capital market laws.

SEC(ก.ล.ต.)

The regulatory body whose officials will be granted joint investigation powers in high-impact cases.

Person

Ratchada Thanadirek(น.ส.รัชดา ธนาดิเรก)

The spokesperson for the Prime Minister's Office who announced the Cabinet's decision.

Law

Securities and Exchange Act(ร่างพระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

A draft law amended to improve digital infrastructure oversight and gatekeeper regulation.

Derivatives Act(ร่างพระราชบัญญัติสัญญาซื้อขายล่วงหน้า)

A draft law amended to support electronic processes and joint investigation powers.

Trust for Transactions in Capital Market Act(ร่างพระราชบัญญัติทรัสต์เพื่อธุรกรรมในตลาดทุน)

A draft law amended to facilitate electronic delivery of documents and information.

Emergency Decree on Digital Asset Businesses 2018 Amendment Act(ร่างพระราชบัญญัติแก้ไขเพิ่มเติมพระราชกำหนดการประกอบธุรกิจสินทรัพย์ดิจิทัล พ.ศ. 2561)

A draft law amended to grant joint investigation powers for high-impact cases to expedite pre-litigation processes.