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.
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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.
