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Best Practices in Financial Compliance in Thailand

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Thailand’s financial regulatory landscape is governed by several key agencies, including the Bank of Thailand (BoT) and the Securities and Exchange Commission (SEC). To ensure compliance with regulations, financial institutions operating in Thailand must adhere to a range of laws, guidelines, and best practices.

Who are the Financial Regulators in Thailand?

The BoT is responsible for overseeing the stability of the country’s currency and payment systems, while the SEC regulates capital markets to ensure fairness, transparency, and integrity. The Office of the Securities and Exchange Commission (OSEC) has outlined specific requirements for institutions engaged in securities services, including guidelines on establishing information technology systems.

Key Regulatory Agencies

  • Bank of Thailand (BoT)
  • Securities and Exchange Commission (SEC)
  • Office of the Securities and Exchange Commission (OSEC)

What are the Applicable Laws, Regulations, and Regulatory Requirements for Financial Institutions Using Huawei Cloud?

The BoT and OSEC have published a series of regulatory requirements and guidelines to govern IT applications in the financial industry. These include:

Key Regulations

  • No. FPG 8/2557 Regulations on Outsourcing of Financial Institutions: This regulation sets out requirements for outsourcing management and risk management guidelines.
  • No. FPG 21/2562 Information Technology Risk Regulations of Financial Institutions: This regulation describes IT risk management principles and implementation guidelines.
  • No. Sor Thor. 37/2559 Rules in Detail on Establishment of Information Technology System: This regulation sets out IT governance and information security management requirements for intermediaries engaged in securities services.
  • No. Nor Por. 3/2559 Guidelines for Establishment of Information Technology System: This guideline provides best practices to meet the requirements related to company IT governance and information security management.

Compliance Resources

For more information on compliance documents applicable to Thai financial institutions, visit our Resource Center. These resources provide guidance on meeting regulatory requirements and staying up-to-date with changes in the regulatory landscape.