The Thailand Securities and Exchange Commission has issued draft notifications revising net capital requirements for digital asset business operators to support domestic trading and custody and reduce reliance on foreign service providers. The drafts follow its May-June 2026 consultation on the underlying principles and would also broaden and recalibrate requirements for securities and derivatives firms to better reflect their operational risks. The NC-1 approach would add counterparty, settlement and fund management risk for covered digital asset exchanges, brokers, dealers, fund managers and advisers. Digital asset brokers could use local exchanges to execute orders and hold customer assets under specified conditions, with additional requirements for counterparty selection, contracts, disclosures, reporting, asset safeguarding and wallet management. Custodians would face tiered risk charges, per-customer wallet segregation and enhanced technology standards for managing keys and wallets. Related changes would adjust the net capital calculation, token and insurance definitions, business suspension thresholds for digital asset operators that also conduct securities or derivatives business, and the definition of derivatives business operators. Revised forms would align net capital reporting by digital asset operators with reporting by securities firms.
2026-09-11Thailand Securities & Exchange Commission
Thailand Securities and Exchange Commission consults on draft net capital rules supporting local digital asset trading and custody
The Thailand Securities and Exchange Commission is consulting on draft net capital rules intended to support local digital asset trading and custody. The proposals add counterparty, settlement and fund management risks, permit qualifying cooperation between local brokers and exchanges, and strengthen custody and wallet safeguards. They also revise capital thresholds, definitions and reporting across digital asset, securities and derivatives businesses.