Regulatory Alerts1997-01-01 | enactment-specialjuristicperson1997-amended.pdfEmergency Decree on Special Purpose Juristic Persons for Securitization B.E. 2540 (1997)
King Bhumibhol Adulyadej issued this Emergency Decree to establish a legal framework for Special Purpose Juristic Persons (SPJs) to facilitate asset securitization in Thailand. The Securities and Exchange Commission (SEC) is empowered to supervise SPJs, approve securitization projects, and prescribe rules for asset transfers and security issuance. The decree grants SPJs specific powers to hold assets and issue securities while imposing strict compliance requirements, regulatory oversight, and penal provisions for violations.
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