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On 30 June 2023, the much-anticipated Thailand Taxonomy – Phase Iwas published by the Thailand Taxonomy Board. It has long beenhighlighted by the Bank of Thailand (BOT) in its plan for a New ThaiFinancial Landscape as a key instrument to promote the allocation offunding to support the transition towards environmental sustainability. Read more…

The Cabinet has approved a draft royal decree under the Financial Institution Business Act (the “FIBA”) to regulate the business of Hire Purchase and Leasing of Cars and Motorcycles operated by non-banks. No license will be required to operate the businesses, but this regulation would still affect the existing and new business operators in various aspects. Read more…

The Bank of Thailand and the Fiscal Policy Office have co-drafted the draft Royal Decree Designating Certain Types of Financial Business Operations that are subject to the Financial Institution Business Act, B.E. 2551 (“Draft Royal Decree”) to regulate the car and motorcycle hire-purchase and leasing businesses. The Draft Royal Decree is now open for public hearing. In this newsletter, we summarize key elements of the Draft Royal Decree including those who will be regulated and…