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Royal Decree Prescribing the Amount of Deposits to be Protected in General, B.E. 2563 (2020) (Unofficial Translation)
The grounds for promulgation of this Royal Decree are as follows. Whereas the outbreak of the coronavirus disease 2019 has an impact on many sectors, both in economical and social dimension, which results in fluctuation in money markets and capital markets around the world, including Thailand, therefore, in order to maintain trust of depositors in the system of financial institutions of the country, it is expedient to prescribe the amount of deposits to be protected in general, which is to prescribe the amount higher than that prescribed in the Deposit Protection Agency Act, B.E. 2551 (2008). It is therefore necessary to enact this Royal Decree.
Additional Information
| Field | Value |
|---|---|
| Last updated | April 30, 2020 |
| Created | April 30, 2020 |
| Format | |
| License | Other (Public Domain) |
| Name | Royal Decree Prescribing the Amount of Deposits to be Protected in General, B.E. 2563 (2020) (Unofficial Translation) |
| Description |
The grounds for promulgation of this Royal Decree are as follows. Whereas the outbreak of the coronavirus disease 2019 has an impact on many sectors, both in economical and social dimension, which results in fluctuation in money markets and capital markets around the world, including Thailand, therefore, in order to maintain trust of depositors in the system of financial institutions of the country, it is expedient to prescribe the amount of deposits to be protected in general, which is to prescribe the amount higher than that prescribed in the Deposit Protection Agency Act, B.E. 2551 (2008). It is therefore necessary to enact this Royal Decree. |
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