Thailand Legal News Update Issue 25

With an increasing number of transactions being made online, many providers of digital platforms are entrusted with having a system in place to ensure financial security, credibility, and reliability. Consequent to the Royal Decree on the Operation of Digital Platform Service Businesses that are Subject to Prior Notification, B.E. 2565 (2022) (the “Royal Decree”) by virtue of the Electronic Transaction Act, B.E. 2544 (2001) as amended (the “Act”) on 21 August 2023 coming into effect, an operator of a digital platform service must notify the Electronic Transactions Development Agency (“ETDA”) prior to the commencement of business, and thereafter, annually update the information of their platform. This requirement also applies to foreign operators providing service to users in Thailand.

Who must comply with the notification?

Any business operator who has a “Digital…