Thailand seen luring foreign investors as rules ease

Hong Kong

BROKERAGES are preparing to sell structured notes in Thailand after the relaxation of issuance rules as the nation's securities regulator tries to expand a market that targets wealthy individuals in Asia.

KGI Securities (Thailand) PCL is readying back-office systems to sell new US dollar products and is putting together documentation to get approval from Bank of Thailand to offer foreign currency notes. The rule changes that took effect in June include allowing equity-linked products tied to individual foreign companies and notes issued in overseas currencies such as US dollars, according to the Thai Securities and Exchange Commission (Thai SEC).