Regulatory Alerts1997-01-01 | act-specialjuristicperson1997-add.pdfAct Amending Royal Enactment on Special Purpose Juristic Persons for Securitization B.E. 2540 (1997) B.E. 2558 (2015)
The King of Thailand, acting with the National Legislative Assembly, enacted this amendment to modernize the legal framework for special purpose juristic persons used in securitization. The legislation updates definitions, expands the Securities and Exchange Commission's supervisory powers, and permits securitization structures to include trusts alongside limited companies. It also introduces specific provisions regarding asset transfers, fee exemptions, and enforcement mechanisms to enhance market efficiency and investor protection.
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