SEC Overhauls Major Shareholder Criteria to Combat Financial Crime

MGR Online•Economy•1d ago

Reader Briefing

The Securities and Exchange Commission (SEC) is revising the prohibited characteristics of major shareholders across securities, derivatives, and digital asset businesses to align with international standards.

•The SEC is expanding risk screenings for major shareholders to include money laundering, terrorism financing, and proliferation of weapons of mass destruction both domestically and internationally.
•The SEC has drafted three announcements to standardize prohibited characteristics across all regulated financial business types.
•Public comments on the draft announcements are open until August 16, 2026.

Overview

•The Securities and Exchange Commission (SEC) is adjusting the qualification criteria for major shareholders of securities, derivatives, and digital asset businesses.
•The Securities and Exchange Commission (SEC) aims to close risk gaps at the business owner level because major shareholders influence direction, strategy, and management.
•The Securities and Exchange Commission (SEC) previously held public hearings on the principles of these adjustments from April to May 2026.
•The Securities and Exchange Commission (SEC) has expanded the scope of prohibited characteristics to cover money laundering and terrorism financing offenses occurring both in Thailand and abroad.
•The Securities and Exchange Commission (SEC) has expanded the definition of 'significant offenses' to cover all laws under the agency's supervision to address cross-sector risk.
•The Securities and Exchange Commission (SEC) has established a 90-day transitional period from the date the announcement takes effect for businesses and shareholders to adjust their structures.
•The Securities and Exchange Commission (SEC) is currently accepting public opinions on the draft announcements until August 16, 2026.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body revising prohibited characteristics for major shareholders in the financial and digital asset sectors.

SEC(ก.ล.ต.)

The regulatory body revising prohibited characteristics for major shareholders in the financial and digital asset sectors.

Place

Thailand(ประเทศไทย)ℹ️

The country where the regulated financial businesses and the SEC operate.

Policy

Prohibited Characteristics of Major Shareholders(ลักษณะต้องห้ามของผู้ถือหุ้นรายใหญ่)

The set of criteria being revised by the SEC to screen major shareholders for financial crimes.