Members and friends of DTCC who operate digital platform services should be aware of new regulations that require operators to follow additional obligations.
Thailand has introduced new regulations for digital platform providers to protect consumer interests. The term “digital platform providers” refers to the provision of electronic intermediary services that create a connection between consumers, merchants, businesses or other types of users in order to create an electronic transaction in whole or in part. Whether a service fee is charged is not relevant for who is affected by the decree. The Royal Decree on the Operation of Digital Platform Service Businesses came into effect on 21 August 2023. The Decree requires operators of digital platform services to comply with certain obligations, such as notification of platform information to the Electronic Transactions Development Agency annually. The required information varies depending on whether platform operators meet certain thresholds.
Source: Read more at Tilleke & Gibbins here.