SEBON Introduces New Policy to Modernize Securities Brokerage Sector with Four-Tier Classification System
Summary
SEBON has introduced a new securities brokerage policy that creates a four-tier classification system and raises requirements for capital, governance, technology and risk management. The framework also expands investor protection measures and allows consolidation through mergers and acquisitions.
Key Points
- SEBON introduced the ‘Securities Brokerage Business Strengthening Policy, 2083’ in line with the Ministry of Finance’s capital market revival plan.
- The policy classifies brokers into four categories based on capital strength, risk capacity, service scope and institutional capability.
- It adds stricter rules on digital KYC, multi-factor authentication, cybersecurity, complaint handling and investor compensation.
- The framework supports mergers, acquisitions and a phased transition for existing brokers to meet the new standards.
