REGULATORY REQUIREMENT

12 Months Ended

Dec. 31, 2022

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

20.

REGULATORY REQUIREMENT

The Company’s broker-dealer subsidiaries, TradeUP Securities, US Tiger Securities, Tiger Brokers SG, Tiger Brokers HK, and TBAU are subject to capital requirements determined by its respective regulators.

TradeUP Securities and US Tiger Securities, the Company’s USA subsidiaries, are subject to the Uniform Net Capital Rule (Rule 15c3-1) under the Exchange Act in the USA, which requires the maintenance of minimum net capital.

Tiger Brokers SG, the Company’s Singapore subsidiary, is subject to the Securities and Futures Regulations 2018 (Amendment) under Chapter 289 of Securities and Futures Act in Singapore, which requires the maintenance of minimum net capital.

Tiger Brokers HK, the Company’s Hong Kong subsidiary, is subject to Securities and Futures (Financial Resources) Rules and the Securities and Futures Ordinance, Tiger Brokers HK is required to maintain minimum paid-up share capital and liquid capital.

TBAU, the Company’s Australia subsidiary, is subject to s912A(1)(d) of the Corporations Act 2001 in Australia, which requires the maintenance of minimum net capital.

As of December 31, 2021 and 2022, all of the Company’s broker-dealer subsidiaries met applicable minimum net capital requirements. The tables below summaries the net capital, the capital requirement and the excess net capital for the Company’s broker-dealer subsidiaries as of December 31, 2021 and 2022:


	Net Capital		Requirement		Excess Net Capital
December 31, 2022	US$		US$		US$
TradeUP Securities		137,305,133		9,057,010		128,248,123
Tiger Brokers SG		110,726,224		17,181,893		93,544,331
Tiger Brokers HK		13,014,036		384,541		12,629,495
US Tiger Securities		8,705,756		250,000		8,455,756
TBAU		901,785		124,789		776,996
Total		270,652,934		26,998,233		243,654,701

	Net Capital		Requirement		Excess Net Capital
December 31, 2021	US$		US$		US$
TradeUP Securities		95,665,200		4,283,392		91,381,808
US Tiger Securities		10,429,009		250,000		10,179,009
Tiger Brokers SG		113,290,584		12,443,882		100,846,702
Tiger Brokers HK		14,569,722		384,635		14,185,087
Total		233,954,515		17,361,909		216,592,606

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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