The Thailand Securities and Exchange Commission has launched a public consultation on proposed amendments to the prohibited characteristics of major shareholders of securities business operators, derivatives business operators and digital asset business operators. The changes would broaden and clarify suitability screening for major shareholders, introduce a unified standard across all three types of firms, and strengthen checks aimed at preventing unsuitable persons from being involved in these businesses. The proposal would expand the assessment to cover money laundering offences, as well as offences relating to the financing of terrorism and the proliferation of weapons of mass destruction, both in Thailand and overseas. Serious offences under all laws supervised by the SEC would also be taken into account to address cross sector risks linked to interconnected business activities. The principles were approved in principle by the SEC Board and the Capital Market Supervisory Board in April 2026, and transitional provisions would give firms and major shareholders time to prepare before the amendments take effect. The consultation runs until 28 May 2026.
Thailand Securities & Exchange Commission 2026-04-29
Thailand Securities and Exchange Commission consults on broader major shareholder disqualification criteria for securities derivatives and digital asset operators
The Thailand Securities and Exchange Commission has launched a public consultation on amendments to the prohibited characteristics of major shareholders of securities, derivatives and digital asset business operators, aiming to broaden and clarify suitability screening and introduce a unified standard. The proposal would extend assessments to money laundering, terrorism financing and proliferation financing offences in Thailand and overseas, and to serious offences under all laws supervised by the regulator, with transitional provisions to allow firms and shareholders time to prepare.