ChainCatcher report: According to an announcement by Thailand’s Securities and Exchange Commission (SEC) on October 29, the agency has opened a public consultation on draft notifications proposing amendments to the licensing framework for derivatives businesses, covering derivatives exchanges, derivatives clearing houses, and intermediary services, to support the inclusion of digital assets as recognized underlying assets under the Derivatives Act. Under the proposal, digital asset operators may apply for a derivatives business license without establishing a new company. According to MediaNama, the proposed digital asset derivatives license would permit activities including derivatives agency, proprietary trading, investment advisory, and investment management, with a license fee of 500,000 Thai baht. Existing digital asset exchanges, brokers, and dealers would be exempt from application and license fees. Among digital asset operators, only exchanges and brokers may apply to operate a derivatives exchange; digital asset custodians are not eligible to apply for a clearing house license. The public consultation period ends on November 28. The SEC previously sought public input on related principles between April and May this year.
Thailand SEC Seeks Public Comments on Licensing Framework for Digital Asset Derivatives
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Summary
Thailand’s SEC has released a draft to revise the derivatives licensing framework under digital asset regulation. The proposal permits digital asset operators to apply for exchange licensing without establishing new entities. License fees are set at 500,000 Thai Baht, with exemptions for existing exchanges, brokers, and dealers. Only exchanges and brokers may apply to operate derivatives exchanges; custodians are excluded from settlement licenses. Public comments are due by November 28.
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