Foreign business operators can apply for a “Fast-track” license application in Thailand

The Securities and Exchange Commission (SEC) of Thailand has outlined guidelines for foreign business operators regarding the application for securities/derivatives licenses and permissible activities in the country.

• Foreign business operators can apply for a “Fast-track” method for securities/derivatives license application in Thailand if they meet certain qualifications and readiness criteria.
• Foreign business operators may provide certain securities/derivatives services to Thai investors without a license under specific conditions and exemptions.
• The SEC has provided official guidelines on activities that could be deemed as operating a securities/derivatives business in Thailand without a license, and foreign business operators should carefully monitor their activities to avoid non-compliance.

The SEC is introducing a “Fast-track” method for license application for operators meeting specific qualifications. Additionally, the SEC proposed exemptions for certain services when provided to offshore clients and outlined activities that do not require a license.

The guidelines also identify activities that may be considered operating a securities/derivatives business without a license. Foreign business operators are advised to monitor their activities to comply with these guidelines.