Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Securities and Exchange Act
พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ · SEA · B.E. 2535 (1992)
Overview
The Securities and Exchange Act B.E. 2535 (1992) establishes the regulatory framework for the Thai capital markets. It created the Securities and Exchange Commission Thailand (SEC), which oversees securities issuance, the Stock Exchange of Thailand (SET), market intermediaries, derivatives, mutual funds, and (after 2018 amendments) digital-asset businesses. The Act has been amended repeatedly to keep pace with market evolution and international standards.
- Promulgating authority
- Parliament
- พระราชบัญญัติ
- Enacted
- B.E. 2535 (1992)
- Official text
- https://www.krisdika.go.th/
Key Sections6
The 6 sections most frequently cited in practice or relevant to foreigners. Click any section for a deep-linkable page suitable for sharing.
Section 14
— Establishment of the SECEstablishes the Securities and Exchange Commission as the principal regulator of the Thai capital markets.
Section 32
— Securities offering approvalSecurities may only be offered for public sale after SEC approval; specifies disclosure and prospectus requirements.
Section 59
— Tender offer rulesAcquirers crossing prescribed shareholding thresholds (25%, 50%, 75%) must make a tender offer to all shareholders.
Section 89
— Director dutiesSets fiduciary duties of directors of listed companies including duty of care and duty of loyalty.
Section 241
— Insider trading prohibitionProhibits trading on material non-public information; covers tippees and tippers.
Section 243
— Market manipulationProhibits artificially affecting securities prices, false trading, and other manipulative practices.
Amendments
Major amendments include the Digital Asset Business Decree B.E. 2561 (2018), the crowdfunding rules (2015), and corporate-governance enhancements aligned with IOSCO standards.
The summaries on this page are plain-English educational paraphrases — not authoritative translations. For the binding wording you must consult the Royal Gazette publication or the consolidated text at the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
Professional Legal Assistance
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