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SEC issues guidelines for foreign business operators
The SEC clarified permissible activities for foreign operators offering investment services to Thai investors, aiming to support Thailand’s financial hub status and prevent unlicensed securities.
SEC released a statement clarifying eligible business activities for foreign operators providing investment services to Thai investors, aiming to support Thailand’s financial hub status and prevent unlicensed securities provision.
Key takeaways
- The SEC has issued guidelines to support Thailand’s goal of becoming a global financial hub and to prevent unlicensed securities or derivatives services.
- Thai investors are increasingly interested in foreign investment products, prompting foreign business operators to seek opportunities in Thailand.
- The SEC’s statement clarifies the channels and scope of eligible business activities for foreign operators, including licensing requirements and exemptions.
The Securities and Exchange Commission (SEC) has released a statement to clarify to foreign business operators the channels and scope of eligible business activities in case of providing investment services to Thai investors as well as guidelines for facilitating Ease of Doing Business for a better understanding of all parties involved.
Increasingly, Thai investors tend to gain more interest in investing in foreign products to diversify their investments and seek more opportunities to generate returns.
As a result, securities companies and derivatives business operators (“business operators”) including those from foreign countries show growing interest in providing such foreign products to Thai investors as well.
The SEC has published a statement to enhance the understanding of foreign business operators interested in providing services to Thai investors about the channels and the scope of services they can offer legally as well as measures to facilitate Ease of Doing Business for foreign businesses. The statement covers four main topics as follows:
(1) Application for a license to operate securities/derivatives business;
(2) Provision of services exempted from application for a license to operate securities/derivatives business;
(3) Activities without the requirement for a license/registration for operating securities/derivatives business; and
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