SEC Secretary-General Ruenvadee Suwanmongkol said that since the regulations on details of mutual fund schemes supporting the establishment of SSF to invest mainly in listed securities took effect on 13 March 2020, SEC has already approved 17 such SSFs established by 13 asset management companies. 

“SEC has expedited the approval process to make sure that IPO of this special SSF can begin on 1 April 2020,” added Ms. Ruenvadee.  

On 10 March 2020, the Cabinet approved tax exemption on SSF investment for the general public on the condition that such SSF invests in listed securities on the Stock Exchange of Thailand, at an amount not less than 65 percent of the net asset value and the subscription limit is 200,000 baht based on the actual subscription amount. This special SSF limit is separate from the standard SSF and other tax benefit funds. To be qualified for special tax exemption, the special SSF must be subscribed during 1 April – 30 June 2020 and held at least 10 years.

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