• Thai SEC updated criteria for securities and derivatives operator mergers/takeovers/acquisitions.
• Follows Thai SEC August 2020, issued rules on mergers, takeovers, and acquisitions.

Summary

• Securities/derivatives business operators can apply for a license or pre-registration request to enable merged firms' continued operations once incorporation is complete.
• Will enable companies resulting from mergers to conduct business and automatically transfer customers over, also enables investors to use services and make transactions.
• Announced in Government Gazette on 11 February 2022, applies to all mergers types.

Effectiveness

• Applications can be submitted from 17 March 2022.