The Thailand Securities and Exchange Commission has backed amendments to the Securities and Exchange Act to allow securities to be issued electronically as digital securities. The main change would let instruments already recognized under the Act, including shares, debt securities and investment units, be issued and transacted in electronic form without physical certificates, while remaining under the existing securities law framework. Thailand’s House of Representatives accepted the Cabinet-backed draft in principle on 10 June and the bill also introduces penalties for breaches of rules governing digital securities. The SEC framed the proposal as an infrastructure change rather than the creation of a new type of digital asset. It would allow information on securities to be recorded, transferred and pledged through electronic systems and support an end-to-end digital process for issuance, trading, transfer and settlement. The stated effects are lower document and storage costs for issuers and intermediaries, fewer manual steps, faster and more accurate processing, and easier investor access, with particular benefits highlighted for small and medium-sized enterprises. A standing committee of the House of Representatives has been appointed to consider the draft in detail.

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