Detail Content
-Unofficial translation-
The Notification of the Ministry of
Finance
Re: Classification of Inter-Dealer
Brokerage as Securities Businesses
By virtue
of Section 4 of the Securities and Exchange Act B.E. 2535, Finance Minister
by
the SEC’s recommendation hereby issues the following regulations.
Clause 1 In this
Notification:
“securities
dealer” means
(1) licensee to operate securities business in category of
securities dealing;
(2) licensee to operate securities business in category of
securities dealing under foreign law ;
(3) the Bank of Thailand.
Clause 2 Undertaking of inter-dealer
brokerage shall be classified as securities business within the definition of
securities business under Section 4(7) of the Securities and Exchange Act B.E.
2535.
Clause 3 Undertaking of inter-dealer brokerage
under Clause 2 means providing of the services for consideration in forms of
brokerage fee, other fees or other remunerations as a broker or an agent to
effectuate trading in debt securities between dealers in normal course of
business, the service of which is carried out by collecting information on offer
for sale or purchase of such securities for dissemination to dealers and
providing a system for matching orders placed between dealers or any systems to
facilitate trading of securities between dealers.
Clause 4 This Notification shall come into force
on the following date of its publication in the Government Gazette.
Given on
the date of 18th September B.E. 2543
Tarrin Nimmanhaminda
Finance Minister
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This English version is prepared by Legal Department with the
sole purpose of facilitating the comprehension of foreign participants in the
SEC’s rules and regulations and shall not in any event be construed or
interpreted as having effect in substitution for or supplementary to the Thai
version thereof.
Please
note that the translation has not been subjected to an official review by the
SEC Office. The SEC Office, accordingly, cannot undertake any responsibility for
its accuracy, nor be held liable for any loss or damages arising out of or
in connection with its use.