Since Thailand has been experiencing substantial economic growth for the past decades, brokerage, securities, borrowing and lending have been a lot.
Due to its maximum standard of requirements and compliances which are not flexible for a specific business purpose as well as broad regulation for applying for securities business licenses, on 3 March 2021, the Office of the Securities and Exchange Commission (“SEC”) added two new securities business licenses to facilitate operators including.
Type E Securities Business License (“Type E License”)
A license allowing an applicant to become a securities intermediary that covers several activities such as securities brokerage, securities dealing, securities underwriting, investment advisory service, and securities borrowing and lending. Operators who are eligible for applying for a Type E license include securities companies, commercial banks, life insurance companies, special-purpose financial institutions, and Thai incorporated companies.
Private Fund Management License (“PF License”)
A license providing more specific alternative options to the Type C licenses which covers many activities and requires more compliances and higher license fees.
In addition, the SEC also amended the relevant notification in order to allow existing business operators to convert their licenses into Type E Licenses or PF Licenses. Such business operator can convert its license fee that has been paid into a discount for the new license fee.
Juslaws & Consult provides the best business and legal advice through our expertised financial specialists and assists with acquisition of both Type E and PF Business Licenses.
