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2023-09-28 11:14

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Lic agencyLicense for Securities Companies in Thailand​

Regulators： SEC

Regulatory region： THailand

License Type： Securities License

Application price (USD)： ****

Application frequency： 4 months

Maintenance costs (USD)： ****

Company summary：
Who is eligible for the Limited FX License? To obtain the Limited FX License, the company must: be a securities brokerage company holding a type A securities license;1 have been a broker trading securities on the Stock Exchange of Thailand for at least three consecutive years prior to the date of submitting the license application; have never had a foreign exchange-related license (if any) revoked; and have never been adjudicated bankrupt, or had a receivership order issued against it. Given these qualifications, not all securities broker companies will benefit. Newly established companies and those which do not provide brokerage services for Thai domestic stocks will not benefit from this regulation. II. Scope of permissible FX businesses A securities company which obtains a Limited FX License can buy, sell or exchange foreign currency with its client under certain conditions, such as the following: (i) the FX conversion is made relating to or for investment in the FCY Products..
Product details：
Products of clients for which the license holder acts as an investment agent (e.g. asking for a foreign investment allotment (FIA) from the Securities and Exchange Commission on the clients' behalf); (ii) the settlement date of the FX conversion is no later than T + 2 business days; (iii) the foreign currency amount sold or exchanged for the clients shall eat up the FIA quota allotted to each client; and (iv) the FX conversion by the license holder is made through a separate foreign currency deposit account for the FX business of the license holder only; (v) the exchange rate to be used must be close to the average exchange rate applied by banks in Thailand, as announced by the BOT; and (vi) the daily net buying position of the license holder cannot exceed USD 5 million, and the daily net selling position cannot exceed zero. III. Consideration period An application for the Limited FX License and supporting documents2must be submitted to the Minister of the Ministry of Finance throug
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License for Securities Companies in Thailand​
Hong Kong | 2023-09-28 11:14

Regulators：

SEC

Regulatory region：

THailand

License Type：

Securities License

Application price (USD)：

****

Application frequency：

4 months

Maintenance costs (USD)：

****

Company summary：

Who is eligible for the Limited FX License? To obtain the Limited FX License, the company must: be a securities brokerage company holding a type A securities license;1 have been a broker trading securities on the Stock Exchange of Thailand for at least three consecutive years prior to the date of submitting the license application; have never had a foreign exchange-related license (if any) revoked; and have never been adjudicated bankrupt, or had a receivership order issued against it. Given these qualifications, not all securities broker companies will benefit. Newly established companies and those which do not provide brokerage services for Thai domestic stocks will not benefit from this regulation. II. Scope of permissible FX businesses A securities company which obtains a Limited FX License can buy, sell or exchange foreign currency with its client under certain conditions, such as the following: (i) the FX conversion is made relating to or for investment in the FCY Products..

Product details：

Products of clients for which the license holder acts as an investment agent (e.g. asking for a foreign investment allotment (FIA) from the Securities and Exchange Commission on the clients' behalf); (ii) the settlement date of the FX conversion is no later than T + 2 business days; (iii) the foreign currency amount sold or exchanged for the clients shall eat up the FIA quota allotted to each client; and (iv) the FX conversion by the license holder is made through a separate foreign currency deposit account for the FX business of the license holder only; (v) the exchange rate to be used must be close to the average exchange rate applied by banks in Thailand, as announced by the BOT; and (vi) the daily net buying position of the license holder cannot exceed USD 5 million, and the daily net selling position cannot exceed zero. III. Consideration period An application for the Limited FX License and supporting documents2must be submitted to the Minister of the Ministry of Finance throug