While the body has the final say on the list of candidates, it is unlikely to ignore the king's position in making its decision.
Thai Raksa Chart party leader Preechapol Pongpanich, holds up application of candidate for prime minister, Princess Ubolratana Rajakanya Sirivadhana Varnavadi, at the election commission office in Bangkok on February 8.
Thailand's chaotic politics took two astonishing turns Friday when the sister of the king made a historic bid to become prime minister, only to have him shut down her effort as "inappropriate" because it violated tradition and the constitution, which keep the monarchy from getting involved in politics.
The party, which is allied to divisive former Prime Minister Thaksin Shinawatra, said in a statement that it would submit to the royal order out of loyalty and respect towards the members of the royal household, Efe news reported.
Gen. Prayuth Chan-ocha, who's ruled Thailand since a 2014 coup, also announced he would run.
The Puea Thai party, headed by Shinawatra, has won every election that has been held since 2001.
Both Mr Thaksin and his sister live in self-imposed exile but remain a powerful force in Thai politics, with many in the country remaining loyal to them.
"In the event Thaksin-aligned parties win the election, it makes it very hard for the military and royalists to contest, protest, or seek to overturn the result", Hicken said.
The eldest child of the late King Bhumibol Adulyadej and Queen Sirikit will run as a candidate of the Thai Raksa Chart Party, claiming she is exercising her right as a Thai citizen.
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The candidacy would have broken with the tradition of the Thai royal family publicly staying out of politics.
"Thai Raksa Chart party complies with the royal command", the party said in a statement sent out to reporters.
The princess did not address the royal rebuke head-on Saturday morning when she thanked supporters on her widely followed the Instagram account and said vaguely that she wanted Thailand to "move forward". He led the 2014 military coup that ousted Thailand's last elected government, which had been backed by Thaksin.
The Election Commission is yet to verify all electoral candidates including those running for post-election prime minister.
"All royal family members adhere to the same principles ... and can not take any political office, because it contradicts the intention of the constitution", Maha Vajiralongkorn said. Aligning with a top royal could've potentially cleared the way for his return to Thailand, where he faces jail time for a conviction in a corruption case he has called politically motivated.
After her marriage and 1973 graduation from MIT, she moved with her family to California and used the name Julie Jensen, earning a master's degree in public health at the University of California, Los Angeles.
The first-born of the former king is an unusually public figure for a royal, having starred in movies and dished out advice to almost 100,000 followers on Instagram.
Princess Ubolratana now does not have the same official standing in Thailand as other members of the royal family. One of her three children died in the 2004 Indian Ocean tsunami that killed more than 200,000 across Asia.
Soon after Friday's announcement, her catchphrase #SongPhraSlender (Long Live Slender) was number one on Twitter in Thailand. "But, because the royal family is usually secretive, we may not hear as much as we'd want".