Thailand Securities and Exchange Commission consults on transition and Thailand amber bond rules, tighter ESG bond disclosures

The Thailand Securities and Exchange Commission has opened a consultation on seven draft notifications that would create a regulatory framework for issuing and offering transition bonds and Thailand amber bonds, while also revising disclosure rules for all ESG bonds. The proposals are intended to add new fundraising and investment instruments linked to climate and environmental transition and to align Thai market standards more closely with international frameworks. Under the draft rules, transition bonds would finance projects tied to an issuer's transition strategy or transition plan, with reference to internationally recognized transition bond standards. Thailand amber bonds would finance "amber" activities under the Thailand Taxonomy and would reference internationally recognized green bond or sustainability bond standards. The package also sets pre-offering disclosure requirements based on the relevant standards and post-offering obligations including at least annual reporting on use of proceeds and project details until proceeds are fully allocated, plus reporting of material project events as they occur until maturity. Separate amendments would standardize and strengthen disclosure across green bonds, social bonds, sustainability bonds and sustainability-linked bonds. The draft notifications reflect comments received during an earlier public hearing in April and May 2026, where most respondents supported the proposed approach and suggested further refinements. Public comments on the current drafts are open until 21 August 2026.