 Securities Registrar Licensing
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Who is “securities registrar”?
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A securities registrar is a person who
provides services of preparing and recording accurate, complete and updated
securities registers to securities issuers. Registrar services include
securities transfers, pledges, securities attachments, issuance of securities
certificates, register closing, dividend or interest payments to securities
holders at the register closing date and other related services.
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Any person who operates the securities registrar business without a
license shall be liable to imprisonment for a term of 2 to 5 years and a fine
of 200,000 to 500,000 baht plus daily fine.
For further details and inquiries,
call Market Supervision Department Tel. 0-2695-9983, 0-2263-6254 or
e-mail: msec@sec.or.th |
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Who is eligible?
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(Based on the SEC Notifications No. KorDor.
17/2539 and SorDor. 24/2539)
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 Limited company, public limited
company, commercial bank, securities trading center and legal entity
established by specific laws. Applicants must have an efficient operational
system to facilitate service providing. A securities issuer can function as its
own securities registrar, in which case the SEC Board’s permission is not
required.
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How to apply
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Applicants must file a license application (no
standard form), attached with complete requirements as specified by the SEC,
who shall submit them to the SEC Board for approval.
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License cancellation
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(Based on the SEC Notification No. KorDor.
17/2539)
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The securities registrar shall
notify the securities issuer of the service termination in writing and transfer
securities and related documents to its successor or back to the securities
issuer.
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The securities registrar shall
notify the SEC of the termination proceeding and return the securities
registrar license to the SEC, who will propose a license withdrawal for the SEC
Board’s approval.
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The securities registrar shall
cease registrar services as of the termination date specified by the SEC.
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Key regulations
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(Based on the Notifications of Capital Market
Supervisory Board (CMSB) No. TorDor. 95/2552 regarding rules and procedures for
securities registrar services dated October 28, 2009)
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Fees(Based on the SEC Notifications No. KorDor. 17/2539 and No.
KorThor/Khor/Dor/Nor. 16/2553)
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1. Application Fee Bt500 per
submission
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2. License Fee Bt10,000 upon license
approval
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3. Annual Fee Bt50,000
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Note: In case the remaining validation
period of the first year is shorter than six months, half of the annual fee is
charged.
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