The SEC of Thailand has new guidelines for foreign business operators applying for securities/derivatives licenses. A “Fast-track” method is available for eligible applicants. Non-compliance with licensing rules may have consequences.
SEC Guidelines for Foreign Business Operators in Thailand
The Securities and Exchange Commission (SEC) of Thailand has released guidelines for foreign business operators concerning the application process for securities/derivatives licenses and the permissible activities in the country. Foreign operators can opt for a “Fast-track” method for license application if they fulfill specific qualifications and readiness criteria outlined by the SEC.
New Regulations for License Application
The SEC is introducing a streamlined process for license application targeting operators who meet certain qualifications. Moreover, the SEC has suggested exemptions for certain services provided to offshore clients and has defined activities that do not necessitate a license for operation, providing clarity for foreign operators considering business activities in Thailand.
Compliance Guidelines for Foreign Operators
The guidelines from the SEC also highlight activities that could be interpreted as unauthorized operation of a securities/derivatives business in Thailand. To avoid non-compliance, foreign operators are encouraged to closely monitor their activities in Thailand and ensure adherence to the regulatory framework established by the Securities and Exchange Commission.
Source : Foreign business operators can apply for a “Fast-track” license application in Thailand