Act 2008

Financial Institution Business Act, B.E. 2551 (2008)

Issued by Bank of Thailand

Summary

Allows commercial banking only by a public limited company licensed by the Minister on the Bank of Thailand's advice (Section 9), sets capital funds and liquidity requirements (Sections 29 to 30 and 64) and limits on lending to single borrowers and related parties (Sections 48 to 51). The BOT may examine institutions and order corrective measures, business suspension or closure (Sections 85 to 97). The BOT's unofficial translation is current to Act (No. 3), B.E. 2561 (2018).

Topics: Prudential & Capital Conduct & Consumer Protection

Who it applies to

Banking · NBFC / Non-bank Lending

Official source

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