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About ตลาดตราสารทุน Law in Lat Krabang, Thailand

Markets for securities in Thailand are governed by nationwide law and regulation, including how companies raise funds, disclose information, and trade securities. Lat Krabang, a district within Bangkok near Suvarnabhumi Airport, hosts many manufacturing, logistics, and service businesses that may interact with capital markets for fundraising or investment purposes. A local securities attorney can help ensure compliance with Thai law, prepare offering documents, and navigate regulatory filings with the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET).

Key players in this space include regulators, market operators, and corporate service providers. Understanding each role helps you anticipate compliance milestones, costs, and timelines. This guide focuses on practical, Lat Krabang-specific considerations for individuals and firms seeking legal guidance in capital markets matters.

Note: Regulations and procedures are administered at the national level but are implemented through agencies with Bangkok-based offices, making local counsel in Lat Krabang particularly helpful for coordination and logistics.

The SEC Thailand emphasizes investor protection, disclosure requirements, and fair dealing in all capital market activities.

Securities and Exchange Commission Thailand - official regulator of securities markets in Thailand, including licensing, enforcement, and policy guidance.

Stock Exchange of Thailand (SET) - operator and regulator for securities trading and listing standards, with issuer disclosure rules and market surveillance.

Why You May Need a Lawyer

• You plan a private placement or initial public offering (IPO) from a Lat Krabang business and need guidance on eligibility, prospectus requirements, and regulatory approvals. A lawyer helps prepare disclosure documents and coordinate with SEC and SET departments.
• You receive an SEC inquiry, notice, or investigation related to alleged market misconduct, misrepresentation, or insider trading. Legal counsel can advise on responses, defense strategies, and timeline management.
• You want to convert a private company to a listed company and must navigate the Public Company Limited Act requirements, governance standards, and listing criteria set by SET.
• You operate in Lat Krabang with cross-border investors and require compliance for foreign ownership, repatriation of funds, and cross-border disclosure obligations under Thai law.
• You are negotiating a related-party transaction, corporate restructuring, or debt-to-equity swap and need to structure the deal to satisfy market rules and reduce compliance risk.
• You need to issue convertible notes, warrants, or other complex securities and must prepare appropriate offer documents, terms, and regulatory clearances.

Local Laws Overview

Securities and Exchange Act B.E. 2535 (1992)

This fundamental statute governs the offer and sale of securities, trading on markets, and the enforcement framework for market misconduct. It provides the basis for disclosure obligations, registration, and anti-fraud provisions applicable to Thai issuers and intermediaries. For Lat Krabang-based companies and investors, this act shapes how public offerings are structured and reviewed by regulators.

The Act is implemented through SEC regulations and SET listing requirements, with ongoing updates issued via SEC notices and guidelines. In practice, executives and legal counsel in Lat Krabang coordinate with regulators to ensure timely filings and accurate disclosures.

Public Company Limited Act B.E. 2535 (1992)

This law governs the formation, governance, shareholding, and reporting of public limited companies. It sets requirements for board structure, shareholder meetings, and financial reporting for listed and large private entities seeking market access. Companies in Lat Krabang intending to go public or maintain public status must align with these governance standards.

Amplitude of revisions and SEC guidance often accompanies changes to governance practices, including corporate governance and audit requirements, which are relevant to Lat Krabang manufacturers, exporters, and service providers pursuing market activity.

Stock Exchange of Thailand Listing Rules

SET Listing Rules govern the process for listing securities on the exchange, ongoing disclosure duties, and continuous compliance for listed issuers. These rules are enforced by the SET and overseen in part by the SEC. For Lat Krabang based firms, understanding these rules is essential if planning to list a subsidiary, issue new securities, or plan a secondary offering.

Recent updates focus on enhanced corporate governance, transparency, and investor protection, with issuer responsibilities extending to timely disclosure of material information and related party transactions.

Recent changes and practical context: Thailand’s capital market regulations have seen emphasis on governance, disclosure, and investor protection from 2018 through 2023. Professionals in Lat Krabang should stay informed about SEC notifications and SET announcements that update listing and disclosure standards.

Frequently Asked Questions

What is the Securities and Exchange Act B.E. 2535?

The act regulates issuance, sale, and trading of securities, plus anti-fraud provisions and disclosure requirements. It is the core framework for capital markets in Thailand.

What is the Public Company Limited Act B.E. 2535?

This act governs governance, shareholding, and reporting of public companies, including listing and ongoing compliance.

What is the difference between a private placement and an IPO?

A private placement targets a limited number of investors and may have lighter disclosure duties, while an IPO involves a public offer to many investors and stricter regulatory requirements.

What does a prospectus need to include for a Thai offering?

Typically, it covers business description, risks, financial statements, management, and affected parties, with SEC and SET review requirements.

How long does it take to prepare a listing application?

Preparation may take 6 to 12 months depending on readiness, documentation, and regulatory clearance timelines.

What is insider trading and how is it treated in Thailand?

Insider trading involves trading on material information not available to the public, with penalties and sanctions enforced by regulators.

Do I need a Thai lawyer to handle capital markets matters?

Local counsel is highly advisable for navigating Thai regulatory processes, language considerations, and liaison with Thai regulators.

How much does hiring a capital markets lawyer cost in Lat Krabang?

Costs vary by matter complexity, but typical engagements include hourly rates or fixed fees for project milestones and can include disbursements.

Can a foreign-owned company list in Thailand?

Yes, with compliance to Thai corporate and capital markets rules, including foreign ownership limits and governance requirements.

What documents are usually required to start a private placement?

Company profile, financial statements, board resolutions, offering terms, and regulatory filings with SEC/SET are commonly required.

What should I ask a capital markets lawyer in Lat Krabang during an initial consultation?

Ask about regulatory experience, typical timelines, fee structure, and readiness of documents for SEC and SET processes.

Is there a difference between Thai and foreign investor protections in practice?

Fundamental protections apply broadly, but foreign investors may encounter additional regulatory considerations and disclosure standards.

Additional Resources

• Securities and Exchange Commission Thailand - national regulator for securities markets, licensing, enforcement, and policy guidance. sec.or.th
• Stock Exchange of Thailand - market operator, listing rules, and market surveillance for listed issuers. set.or.th
• Department of Business Development, Ministry of Commerce - handles company registrations, corporate filings, and business compliance for Thai entities. dbd.go.th

Next Steps

1. Define your objective and timeline - identify whether you seek a private placement, IPO, or regulatory compliance project, and set a realistic timeline based on complexity. (1-2 weeks)
2. Identify Lat Krabang counsel with capital markets experience - search for lawyers or firms with active Thai regulatory engagement and SET experience, and verify licenses. (1-3 weeks)
3. Schedule an introductory consultation - prepare a brief overview of your goals and ask about regulatory scope, costs, and applicable timelines. (within 1 week)
4. Gather required documentation - compile financial statements, corporate documents, board resolutions, and any prior regulatory communications. (2-4 weeks)
5. Request a detailed engagement plan and fee arrangement - obtain a written scope of work, milestones, and estimated legal fees. (1-2 weeks)
6. Assess regulatory obligations with SEC and SET early - confirm which filings, disclosures, and approvals are needed before proceeding. (2-6 weeks, parallel with document prep)
7. Execute engagement and begin work - initiate drafting, filings, and coordination with regulators, with periodic updates. (timeline varies by matter; IPOs often 6-12 months)