Thailand Securities and Exchange Commission consults on transition finance rules for Thailand Amber Bonds and Transition Bonds and upgrades ESG Bond disclosures

The Thailand Securities and Exchange Commission has launched a public consultation on a proposed regulatory framework for transition finance intended to support fundraising through Transition Bonds and Thailand Amber Bonds, alongside proposed enhancements to ESG Bond regulations to strengthen disclosure. The proposed framework would introduce requirements for two types of debt instruments with proceeds earmarked for Thailand’s transition. Thailand Amber Bonds would fund “amber” activities as defined under the Thailand Taxonomy and reference internationally recognised ESG Bond standards, while Transition Bonds would fund projects aligned with an issuer’s transition strategy or transition plan and reference internationally recognised Transition Bond standards. For ESG Bonds, the SEC proposes to require issuers to prepare and disclose a bond framework and appoint an external review provider to provide an opinion or assurance that the framework aligns with the referenced standards, guidelines, or internationally or nationally recognised taxonomy. The consultation closes on 11 May 2026. Following issuance of the regulatory requirements, the SEC plans to organise seminars to build understanding of transition finance and issuance of these products for fundraisers and relevant stakeholders.