Regulatory Alerts2016-01-01 | act-sea2016-no5.pdfSecurities and Exchange Act (No. 5) B.E. 2559 (2016)
The King of Thailand enacted this amendment to the Securities and Exchange Act B.E. 2535 to update regulatory frameworks for capital market operations and enforcement. The legislation clarifies the retention of office for SEC and Capital Market Supervisory Board commissioners during vacancies, while granting the SEC authority to specify applicants for trust securities offerings and waive certain compliance requirements. It also significantly strengthens prohibitions against insider trading, market manipulation, and front-running, and mandates enhanced disclosure of securities holdings by company insiders and their families.
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