Thailand’s Securities and Exchange Commission (SEC) reported that the Cabinet has approved the Ministry of Finance’s proposed emergency decree to amend the Securities and Exchange Act, with a focus on enhancing corporate governance and strengthening law enforcement in the capital market. The proposed amendments would increase the efficiency of short-selling supervision, strengthen oversight of capital market professionals by elevating their inspection role to help prevent listed company fraud, and enhance reporting of the creation of obligations in securities so investors receive comprehensive information for investment decision-making. Additional measures would aim to prevent potential damage from listed company transactions and improve enforcement effectiveness by expanding the SEC’s authority in case proceedings, including enabling the SEC to act as an inquiry official in high-impact cases, investigate and submit case files with its opinions to the public prosecutor, and collaborate with police and special case officials in joint investigations. The SEC indicated that the use of an emergency decree is intended to accelerate implementation, but the release did not specify further procedural steps or an effective date.

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