Inside brokers Weikai Li, Abhiroop Mukherjee, Rik Sen WHO SHOULD REGULATE INVESTMENT ADVISERS? Ben Charoenwong* National University of Singapore Alan Kwan Hong Kong University Tarik Umar Rice

exchange and clearing house, and the licensing requirements which are in the process of approval ● Prescribed licensing rules for derivatives brokers, dealers, and fund managers ● Prescribed rules for the

Business for Licensed Derivatives Brokers dated 3 August 2009; (18) The Notification of the Capital Market Supervisory Board No. Tor Thor. 2/2553 Re: Rules on Undertaking of Derivatives Business for Licensed

for dealers of debt instruments and to gather information of the transactions. The role of the inter-dealer brokers will facilitate liquidity of the trading market for debt instruments and will allow

section on ‘key concepts and definitions’. Ultimate owners cannot delegate these underlying responsibilities; even when they employ agents to act on their behalf, beneficial owners need to ensure that the

general public as being ready to engage as an agent in the business of trading in derivatives with others, and has been licensed or registered under this Act, excluding those derivatives brokers with the

(X) D. Taxation ภาษี (X) E. Dividends and Paying Agents เงินปนผลและตัวแทนชําระเงินของผูออกหลักทรัพย (X) G. Statement by Experts ขอความโดยผูเชีย่วชาญ (X) H. Sign offs or consents from persons

of 2012. The marketing and distribution of products must be done through local intermediaries in the host country, including SEC-licensed investment unit brokers, dealers and underwriters who will be

Securities brokers, dealers and underwriters ë Derivatives agents/dealers ë Mutual fund/private fund/derivatives management ë Venture capital management ë Securities/derivatives investment advisors ë

ประเทศ (Overseas Brokers & Dealers) ผูป้ระกอบธุรกิจเปิดบญัชี Custodian และ FCD กบั Custodian Bank และ/หรือกบัตวัแทนซ้ือขายใน ต่างประเทศ (Overseas Brokers & Dealers) กรณีท่ีตวัแทนซ้ือขาย ในต่างประเทศมี