Securities and Exchange Commission (Thailand)

Scope

Independent regulator of Thailand's capital markets — securities issuance, listed-company disclosure, market intermediaries (brokers, dealers, advisers), mutual funds, derivatives, and from 2018 onwards digital-asset issuance and trading under the Royal Decree on Digital Asset Businesses B.E. 2561 (2018).

Key Powers

• • License and supervise market intermediaries (brokers, asset managers, advisers)
• • Approve securities offerings and listed-company disclosure
• • Investigate market manipulation, insider trading, false disclosure
• • Issue subpoenas and freeze suspect assets pending investigation
• • Refer criminal cases to the Royal Thai Police and Office of the Attorney General
• • Impose administrative sanctions (settlements, civil monetary penalties post 2016 amendments)
• • Register and supervise digital-asset operators (exchanges, brokers, dealers, ICO portals)

Enforcement Examples

• Periodic civil-penalty settlements published on the SEC's public enforcement page
• Suspension and revocation of broker licences (publicly listed actions)
• Coordinated insider-trading cases referred to public prosecution

How Foreigners Interact

Foreign investors trading Thai securities interact indirectly via licensed brokers; foreign-incorporated issuers raising capital in Thailand engage directly through prospectus filings; foreign digital-asset operators must obtain SEC registration to serve Thai customers.

Related Laws & Topics