The Thailand Securities and Exchange Commission has outlined proposed revisions to List III of the Foreign Business Act, included in draft subordinate legislation that the Cabinet has approved in principle, to relax selected foreign business restrictions in areas under SEC supervision while keeping exempted firms fully subject to all relevant rules and SEC oversight. The main effect would be to let foreign investors trading agricultural futures on the Thailand Futures Exchange deliver and receive domestically sourced agricultural products under specified conditions, and to expand case-by-case exemptions for certain regulated securities and derivatives services. The revised List III scope would cover domestic trading in native agricultural products or produce that is not otherwise prohibited by law. For agricultural futures on TFEX, foreign investors would be able to deliver or receive products through warehouses designated by TFEX or for export, whereas previously only receipt for export was permitted. The framework includes delivery through TFEX systems, storage in designated warehouses and product tracking to prevent products from moving outside the system. Separately, the SEC reviewed businesses under the Securities and Exchange Act and the Derivatives Act to give foreign operators more flexibility in services that Thai firms already provide, including securities purchased under resale agreements, subject to approval on a case-by-case basis.

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