The Government Gazette publishes the announcement of the Bank of Thailand Designating Friday, May 5, 2023 as a holiday for all financial institutions. as a special case
On February 7, 2023, reporters reported that the Royal Gazette website published an announcement Bank of Thailand 7/2566 Re: Determination of Additional Holidays of Financial Institutions and Specialized Financial Institutions Signed by Mr Sethaput Suthiwart-Narueput Governor of the Bank of Thailand (BOT)
For the said announcement, please note 1. Reasons for issuing the announcement According to the decision of the Cabinet on January 10, 2023 to add public holidays as a special case In order to stimulate the economy from domestic consumption, the Bank of Thailand is of the opinion that it is appropriate to set holidays for financial institutions. and Specialized Financial Institutions as a special case to support government policy this time.
2. Legal powers By virtue of Section 37 of the Financial Institutions Business Act BE 2551 and its amendments. The Bank of Thailand prescribes additional holidays for financial institutions as a special case. By virtue of Section 120/1 of the Financial Institutions Business Act BE 2551 and its amendments. Bank of Thailand with the approval of the Minister of Finance Specify special holidays for specialized financial institutions as a special case.
3. Scope of application This Notice applies to all financial institutions and specialist financial institutions under the law governing the business of financial institutions.
4. Special holiday requirements Resolved that Friday, May 5, 2023, be a holiday for institutions and financial institutions. Ad hoc funding is added as a special case for an extra day.
5. Effective commencement date This announcement comes into force from the day after the date of its publication in the Government Gazette.