LEGALNotable
New rule exempts foreign brokers from license for certain futures
A new ministerial regulation specifies two types of brokerage and agency activities that are exempt from needing a foreign business license: acting as agent for trading futures contracts where the underlying is not covered by the Futures Contracts Act, and acting as agent for trading futures contracts settled based on exchange rates or interest rates and conducted off-exchange. This clarifies the licensing requirements for foreigners in these specific activities.
Worth knowing about.