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specified as electronic cards under the Penal Code of Thailand, as Libra coin

will not be issued for any specific persons. Therefore, it does not fall within
the scope of the definition of electronic money under the Payment System Act

and any entities involved with Libra businesses will not be designated as
(20)
businesses offering the designated payment service under Section 16 (3).

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

In this regard, the Securities and Exchange Act B.E. 2535 of Thailand
defined çsecuritiesé in Section 4 as: (1) treasury bills; (2) bonds; (3) bills; (4)

shares; (5) debentures; (6) investment units; (7) certificates representing the

rights to purchase shares; (8) certificates representing the rights to purchase

debentures; (9) certificates representing the rights to purchase investment
(21)
units; (10) any other instruments as specified by the SEC.

To date, other instruments under Section 4, Subsection 10 of the Act
include a variety of measures; for instance, Transferable Subscription Right or

TSR, Derivatives according to Notification of the Securities and Exchange

Commission No. KorJor. 20/2541 Re: Additional Types of Securities, codified
th
on June 11 , 1998, clause 1.

(20)
Section 16 of the Payment System Act B.E. 2560 (2017) provides that, çThe Minister with
the advice of the BOT shall have the power to issue the notification prescribing the following
provisions of the payment services as the designated payment services which shall apply
for a license:...
(3) provision of a service of receiving electronic payment for and on behalf of sellers, service
providers or creditors;...é
(21)
The Securities and Exchange Act B.E. 2535 (1992), <http://web.krisdika.go.th/data/outsitedata/
outsite21/file/SECURITIES_AND_EXCHANGE_ACT,B.E._2535.pdf> accessed 1 December, 2019.

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