The SEC is proposing to amend the regulation on filing the application for establishment and management of mutual funds by allowing electronic submission of all required documents through the Online Fund Approval and Management System (“OFAM”). In addition, the amendment would expand channels for announcement of dividend payment such as websites of asset management companies.
  
The paperless process is in line with the Capital Market Development Plan in the area of building competitiveness and business sustainability. It is expected to reduce the volume of paper use of the business sector by 1.6 million sheets per year, accounting for 39 tons of carbon dioxide exhaustion. This paperless process could also save operating costs such as printout delivery, electricity and document storage by approximately 1 million baht per year.

This public consultation takes into account the comments and suggestions gathered from the previous hearings in August and September this year – the majority of which were in favor of the SEC guidelines – and also covers clearer revision of mutual fund schemes.  
   
For further details of the public hearing, please visit https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=583. Stakeholders and interested parties are welcome to submit comments and recommendations via the website. For electronic comments, please send an email to rattaya@sec.or.th or sumitra@sec.or.th. For paper comments, please send them to: The Investment Management Policy Department, the Securities and Exchange Commission, Thailand, 333/3 Vibhavadi-Rangsit Road, Chomphon, Chatuchak Bangkok 10900, Thailand. 

The public hearing ends on 30 November 2019.