Securities Business Licensing 

The SEC has introduced a single license scheme allowing license holders to engage in a full range of securities and/or derivatives businesses. The streamlined application procedure is as convenient and cost-effective as it enhances competitive edge of securities and derivatives business operators. The new scheme’s benefits include:


       1. Same-rate application fee for individual and group applicants;


       2. Waiver of 30,000 baht derivatives license fee for those who apply for a full-service license covering both securities and derivatives businesses.

 

1. Types of license 

 

​ ​Full-Service License​
Securities Business Type A Derivatives Business Sor 1
Securities broker
Derivatives broker
Securities dealer
Deri​​vatives dealer
Securities underwriter
Derivatives advisor
Investment advisor
Derivatives fund management
Mutual fund management
Private fund management
Securities borrowing and lending
Venture capital management
 
Boutique De​bt Securities License​ ​
Securities Business Type B Derivatives Business Sor 2
Debt securities broker​
Debt de​​rivatives broker
Debt securities dealer​
Debt derivatives dealer
Debt securities underwriter​
Debt derivatives advisor
Investment advisor​
Securities borrowing and lending​
  
 
Boutique Asset Man​agemen​t and Derivatives License
Securities Business Type C
Derivatives Business
Mutual fund management
Derivatives fund management
Private fund management
 
Investment unit broker
 
Investment unit dealer
Investment unit underwriter
​Investment advisor
​Venture capital management
 
 
Boutique Asset​ Ma​nagement License –Type D
Investment unit broker
 
Investment unit dealer
 
Investment unit underwriter
 
 
 
 Indivi​d​ual License
Investment advisor​
 
​Venture capital management
Securities borrowing and lending
 
  
 
 

2. How to Apply

 

The applicant must submit the following information requirements:


       1. Application Form – To be filled in by the corporate entity applying for the license (individual application) or the corporate entity authorized by multiple applicants under the same conglomerate (group application), and signed on every page by the authorized director of the applicant or the person granted a power of attorney by such director;


       2. Supplementary Form – To be filled in by each corporate applicant, and signed on every page by the authorized director of such applicant or the person granted a power of attorney by such director;


       3. Checklist – To be filled in and attached with compulsory documents (1 set of originals) by each corporate applicant, and signed on every page by the authorized director or the person granted a power of attorney by such director.

 

3. Fees


Application and license fees for undertaking securities and derivatives businesses are accordingly:

       1. Application fee for securities business is 30,000 baht


       2. Application fee for derivatives business is 30,000 baht


       3. License fee for securities business shall be in accordance with the Ministerial Regulation for Granting of Approval for Undertaking Securities Business


       4. License fee for derivatives business shall be in accordance with the SEC Notification No. KorTorNorKhor 14/2551


In case of simultaneous application for securities and derivatives businesses, the derivatives license fee shall be waived.

 

4. License activation

 

he licensee may begin operating the business for which the license is granted only after the licensee has passed the SEC Office’s inspection and proven to have the following qualifications:

 

       1. Sound and efficient management;


       2. Policy and effective measures for prevention of conflicts of interest, cross-unit exploitation of inside information (Chinese Wall Policy), internal control, operational risk management and compliance unit;


       3. Efficient and ready operational system for the licensed businesses;


       4. Human resources to support the licensed businesses.

 

In any case, a license must be activated within 180 days from the date of issuance.