The Thailand Securities and Exchange Commission is consulting on a draft notification that would standardize how securities and derivatives business operators engage and supervise introducing broker agents. Following broad support for principles consulted on from June to July 2026, the draft defines an introducing broker agent as a person other than an operator’s investment consultant who introduces or solicits clients for securities or derivatives services, whether or not the person receives remuneration. Business operators would have to conduct due diligence on agents, enter into written agreements and regularly monitor their activities. Agents could support account opening by distributing and collecting documents, checking completeness, conducting preliminary client screening and providing information about the operator. Remuneration must be transparent and must not encourage unnecessary transactions, while agents must disclose their status and whether they are paid. Operators would also have to address noncompliance, report to the commission twice a year and follow introducing broker agent rules issued by the Association of Thai Securities Companies and approved by the commission.
Thailand Securities and Exchange Commission consults on draft introducing broker agent rules
The Thailand Securities and Exchange Commission is consulting on draft rules governing securities and derivatives firms’ use of introducing broker agents. Firms would face due diligence, contracting, monitoring, disclosure and twice yearly reporting requirements, while agent remuneration must be transparent and avoid incentives for unnecessary transactions.