Cabinet Approves 4 Capital Market Law Overhauls

Thansettakij•Economy•1d ago

Reader Briefing

The Cabinet has approved four draft capital market laws aimed at modernizing the Thai capital market structure across six key areas.

•The Cabinet approved four draft laws concerning the capital market.
•The Securities and Exchange Commission (SEC) proposed the draft legislation.
•The overhaul covers six areas, including digital capital markets and business operator supervision.
•The draft laws have already been reviewed by the Office of the Council of State.

Overview

•The Cabinet approved four draft capital market laws.
•The laws aim to upgrade the Thai capital market structure to be modern, transparent, competitive, and to build investor confidence.
•The Securities and Exchange Commission (SEC) proposed the draft Securities and Exchange Act, the draft Derivatives Act, the draft Trust for Transactions in Capital Market Act, and the draft Emergency Decree on Digital Asset Businesses 2018 Amendment Act.
•The four draft laws have passed the review of the Office of the Council of State.
•The overhaul covers six areas: digital capital markets, supervision of business operators, secondary markets, fundraising, auditing firms, and law enforcement.
•The promotion of digital capital markets includes amending laws to fully support electronic processes and adding provisions regarding system providers significant to the capital market.
•Supervision of securities business operators and derivatives business operators includes improving the oversight of major shareholders.

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Key Entities

Organization

Cabinet(ครม.)

The body that approved the four draft capital market laws.

Securities and Exchange Commission (SEC)(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.))

The organization that proposed the four draft capital market laws to the Cabinet.

Office of the Council of State(สำนักงานคณะกรรมการกฤษฎีกา)ℹ️

The office that reviewed the four draft laws.

Law

Draft Securities and Exchange Act (No. ...) B.E. ...(ร่างพระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ (ฉบับที่...) พ.ศ.…)

One of the four draft laws proposed to the Cabinet.

Draft Derivatives Act (No. ...) B.E. ...(ร่างพระราชบัญญัติสัญญาซื้อขายล่วงหน้า (ฉบับที่...) พ.ศ....)

One of the four draft laws proposed to the Cabinet.

Draft Trust for Transactions in Capital Market Act (No. ...) B.E. ...(ร่างพระราชบัญญัติทรัสต์เพื่อธุรกรรมในตลาดทุน (ฉบับที่...) พ.ศ.....)

One of the four draft laws proposed to the Cabinet.

Draft Emergency Decree on Digital Asset Businesses 2018 Amendment Act B.E. ...(ร่างพระราชบัญญัติแก้ไขพระราชกำหนดการประกอบธุรกิจสินทรัพย์ดิจิทัล พ.ศ. 2561 พ.ศ....)

One of the four draft laws proposed to the Cabinet.