Thailand's Ministry of Finance announced plans to upgrade the Thailand Futures Exchange (TFEX) by expanding and refining the permitted underlying products and reference variables under the Futures Purchase Agreement Act B.E. 2546 (2003), with the aim of broadening the domestic derivatives market as Thailand transitions toward a low-carbon and digital economy. Key changes include upgrading carbon credits from a reference variable to a deliverable reference product to support trading in actual deliverable products, adding Greenhouse Gas Emission Rights (allowances) and Renewable Energy Certificates (RECs) as reference products, and adding digital assets (cryptocurrencies and digital tokens) as reference products. The package also broadens the range of reference variables and derivatives, including foreign exchange, metals, freight and commodity-linked exposures such as natural gas or petrochemicals, alongside enhanced monitoring and supervision by the Securities and Exchange Commission.
Ministry of Finance (Thailand) 2026-02-10
Thailand's Ministry of Finance moves to upgrade TFEX by expanding permitted derivatives underlyings to carbon credits, emission allowances, RECs and digital assets
Thailand's Ministry of Finance plans to upgrade the Thailand Futures Exchange by expanding products and reference variables under the Futures Purchase Agreement Act B.E. 2546 (2003) to support a low-carbon and digital economy. Key changes include making carbon credits deliverable, adding Greenhouse Gas Emission Rights, Renewable Energy Certificates, digital assets, and broadening derivatives linked to foreign exchange, metals, and commodities, with enhanced oversight by the Securities and Exchange Commission.