Thailand Security Exchange Commission Licenses – Complete Overview
This document provides a consolidated overview of Thailand Security Exchange Commission Licenses (SEC), including what each license allows and the key conditions such as paid-up capital and compliance obligations. Do not hesitate to contact us at insight@fintechlex.com
At FintechLex, we assist clients through every step of the process: selecting the right license, structuring the business, preparing applications, and ensuring ongoing compliance.
Beyond advisory, we can also:
✅ Provide fit-and-proper directors
✅ Recruit local employees
✅ Secure a suitable office location
✅ And most importantly, fast-track the licensing process to accelerate market entry.
Thai SEC License Types
| License | What it can do | Conditions |
| Type A (Full-scope Securities Co.) | Brokerage, dealing, underwriting across all securities | Thai-incorporated; 100m THB (Sec.96 if dealing/underwriting/custody); fit-and-proper directors; client-asset safeguarding; compliance & risk systems |
| Type B (Narrow Scope Securities Co.) | Brokerage/underwriting in limited securities classes | Thai-incorporated; 25m–100m THB depending on activity; fit-and-proper directors; limited scope defined by MOF/SEC |
| Type C (Asset Management Co.) | Manage Mutual Funds (MF), Private Funds (PF) | Thai-incorporated; 25m THB (retail funds); 10m THB (institutional-only, no custody); governance, risk management, segregation of assets |
| Type D (Limited Activities) | Investment advisory or other narrowly defined services | Thai-incorporated; 1m–25m THB depending on scope; registered personnel required |
| Type E (Equity Intermediary) | Equity brokerage, dealing, underwriting; advisory; SBL | Thai-incorporated; 25m–100m THB depending on activity; fit-and-proper directors; compliance & IT requirements |
| PF License (Private Fund only) | Manage private funds for institutional investors only | Thai-incorporated; 10m THB if no custody; governance, internal controls; no retail clients |
| Derivatives Broker (Sor-1) | Brokerage of derivatives contracts | Thai-incorporated; 100m THB if clearing obligations; 25m–10m THB if no custody/institutional only; license from SEC |
| Derivatives Dealer (Sor-2) | Principal trading in derivatives | Requires securities-business license; 100m THB if proprietary trading/custody; governance and risk systems |
| Derivatives Advisor | Provide advice on derivatives | Thai-incorporated; 1m–10m THB depending on custody/clients; fit-and-proper directors |
| Derivatives Fund Manager | Manage derivatives in funds | License from SEC; 25m THB (retail) or 10m THB (institutional only, no custody) |
| Digital Asset Exchange (custodial) | Operate trading platform; hold client assets | Thai-incorporated; 50m THB; custody, cybersecurity, KYC/AML |
| Digital Asset Exchange (non-custodial) | Operate order-book without client custody | Thai-incorporated; 10m THB; must prove non-custodial model |
| Digital Asset Broker | Agency intermediary between clients and exchanges | Thai-incorporated; 25m THB; fit-and-proper executives; compliance |
| Digital Asset Dealer | Trade digital assets on own account (outside exchanges) | Thai-incorporated; 5m THB; governance and risk framework |
| ICO Portal | Provide portal for ICOs (screening, due diligence, investor suitability) | Thai-incorporated; 5m THB; SEC approval; KYC/AML; IT and investor protection systems |
Conclusion
The Thai SEC offers a diverse range of licenses covering securities, derivatives, and digital assets. Each license has specific activities it authorizes, with defined capital thresholds and regulatory obligations.
With our expertise and network, FintechLex can help businesses successfully navigate these frameworks, secure the right license, and launch operations quickly and compliantly in Thailand. Do not hesitate to contact us at insight@fintechlex.com
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