TTT+Partners

On 12 May 2026, the Cabinet approved in principle the new draft ministerial regulation under the Foreign Business Act B.E. 2542 (1999) (the “FBA”) which aims to remove double enforcement in relation to securities and derivatives business, among others, in the general piece of legislation, the FBA. The proposed regulation will reduce overlapping regulatory oversight in circumstances where such businesses are already subject to supervision by the Office of the Securities and Exchange Commission of Thailand (the “SEC”). If the draft regulation becomes effective, certain securities and derivatives businesses may be operated without the need to obtain a foreign business licence or foreign business certificate from the Ministry of Commerce. This Insight focuses on the securities businesses in relation to the new draft regulations only.