# Thailand moves to tighten market rules after corporate scandals

- Link: https://www.thailand-business-news.com/law/324942-thailand-moves-to-tighten-market-rules-after-corporate-scandals
- Published: 2026-08-26T01:04:35+07:00
- Author: Daniel Lorenzzo

Thailand is preparing a sweeping overhaul of its securities and digital‑asset laws
in a bid to accelerate financial‑crime investigations and rebuild investor confidence.
The Cabinet approved amendments to **four key market‑regulation laws** on Aug 25,
signalling a shift toward more assertive enforcement .

A central change would allow the **Securities and Exchange Commission (SEC)** to
work directly with police on probes into insider trading, stock manipulation, and
corporate fraud — cases that currently take **more than two years** due to limited
investigative capacity . SEC secretary‑general Pornanong Budsaratragoon said closer
cooperation should **significantly shorten investigations** and respond to investor
demands for tougher action against wrongdoing .

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The reform push follows high‑profile scandals at **Stark Corporation**, which defaulted
on nearly 40 billion baht after revealing accounting irregularities , and **Energy
Absolute**, whose founder and director faced SEC allegations of fraud and corruption
that triggered a sharp market reaction and bond‑payment delays . These cases have
intensified calls for stronger oversight.

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Beyond enforcement, the amendments aim to reinforce supervision of **auditors and
financial advisers**, described as critical gatekeepers in preventing corporate 
misconduct . The proposals will now move to Parliament, with implementation expected
in **2027**, according to Finance Minister Ekniti Nitithanprapas