In 2016, FinTech market received a lot of attention in Thailand, with various new FinTech products being introduced and a number of developments in the legal landscape.
The Office of the Securities and Exchange Commission (SEC), Thailand issued a consultation paper on regulatory sandbox for securities and derivatives businesses with the purpose to support the use of FinTech in the capital markets, such as robo advisor, algorithmic trading, algorithm-based investment advisory, etc.
This regulatory sandbox will provide a safe space for business operators to test the financial innovation in capital markets. Business operators who apply to be the regulatory sandbox participants will not need to obtain the licenses from the SEC during the designated participation period of not more than one year. The experimentory business must only involve small scale investors and comply with the conditions during the participation to ensure that the investors will get appropriate protection and limit the impact on investors and capital markets. |
Crowdfunding Regulations
implemented by SEC Thailand |
| Ventures: |
Raise up to 20M baht/year;
up to 40M baht in total by using crowdfunding platforms.
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| Investors: |
| Invest no more than 50,000 baht per company; no more than 500,000 baht per year |
Businesses with innovative financial services can apply for the regulatory sandbox in the first phase:
(1)investment advisory
(2)private fund management
(3)derivatives agency
(4)derivatives dealing
(5)derivatives advisory
(6)derivatives fund management |
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TOPIC: FINTECH LANDSCAPE IN THAILAND: PROSPECTS & CHALLENGES
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Ms. TipsudaThavaramara obtained a Bachelor of Arts in Mathematics (magna cum laude) from Harvard University, and a Master of Business Administration (with distinction) from Wharton School, University of Pennsylvania. With extensive experience in capital market, she has made significant contributions to developmentsinmany areas,includinglaying out the groundwork for the establishment of the Thai Bond Market Association, drafting the Derivatives Act, supporting the launch of Thailand Futures Exchangeand formulating the strategic plan for ASEANcapital market integration.
Currently, she holds several policy and advisory level positions, including Member of the Sub-committee to draft Thailand Capital Market Development Plan, Member of the Committee on Regional Capital Market Integration, Member of the Committee to Propose Legal Amendments for FinTech Development and Supervision, Member of the Pension Reform Committee and Member of the Capital Market Clearing and Settlement Sub-committee |
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Mrs. Tipsuda Thavaramara
Deputy Secretary-General
Securities and Exchange Commission, Thailand |
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On behalf of Securities and Exchange Commission, Thailand, the Deputy Secretary-General, Mrs. Tipsuda Thavaramara will show you the FinTech Landscape in Thailand: Prospects & Challenges on FinTech APAC Connect 2017 (September 20-21 | Singapore).
| PART OF CONFIRMED SPEAKERS OF FINTECH APAC CONNECT 2017 |
♦ Mr. Shri N. S. Vishwanathan, Deputy Governor, Reserve Bank of India (RBI)
♦ Mrs. Tipsuda Thavaramara, Deputy Secretary-General, Securities and Exchange Commission, Thailand
♦ Prof. Hyoung Joong KIM, Chairman, Korean Society of Fintech
♦ Mr. Ron Chiong, Associate Director, Risk and Strategy Unit & Fintech Contact Point, Securities and Futures Commission (SFC), HK
♦ Mr. John Flint, Chief Executive, Retail Banking and Wealth Management, HSBC
♦ Mr. Shameek Kundu, Global Head of Data, Technology Strategy and Innovation, Standard Chartered
♦ Mr. Micky Lo, Chief Technology Risk Officer APAC, BNY Mellon
♦ Mr. Masato Kaneda, Deputy General Manager, Digital Innovation Department, Mizuho Bank
♦ Mr. Neal Cross, Chief Innovation Officer, DBS Bank
♦ Mr. Satoshi Tateyama, Head of Innovation Team, APAC, MUFG
♦ Mr. Go Masuda, Vice President, SMFG Silicon Valley Digital Innovation Lab., Sumitomo Mitsui Financial Group (SMFG)
♦ Mr. Antony Lewis, Director of Research, R3
♦ Dr. Frank Tong Fuk-kay, Chief Executive Officer, Hong Kong Applied Science and Technology Research Institute (ASTRI)
♦ Dr. Leila Fourie, Chief Executive Officer, Australian Payments Clearing Association (APCA)
♦ Mr. Janos Barberis, Founder and CEO, SuperCharger Fintech Accelerator & FinTech HK
♦ Mr. Kelvin Tan, Head of FinTech and Data, Singapore Exchange (SGX)
♦ Mr. Alok Mittal, Co-founder and CEO, Indifi & Treasurer, Digital Lenders Association of India (DLAI)
♦ Mr. Jake Calaba, Head of Institutional Business, CircleUp
♦ Contact us for more speaker details. |
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