Bangkok, Thursday 16 August 2018 - SEC is conducting a public hearing on the regulatory revision for private fund management to increase flexibility in business operation, while maintaining standards and regarding customer’s maximum benefits.
SEC is opening for public
comments on the regulations to supervise private funds as now business
operators have developed a variety of services to satisfy customers. Therefore,
SEC intends to amend its rules to be more flexible without too high operating
costs, and cope with more diverse patterns of business operations. This
revision focuses on the principle-based regulations, instead of fixed details,
that cover several issues such as personnel’s well-preparedness, investment
management, reception and delivery of funds’ assets and risk management.
SEC has studied the
supervision in other countries and has requested for initial comments from the
business sector in order to ensure this regulatory revision be appropriate for
private fund management business in the Thai capital markets.
Thus, SEC intends to hear comments at a
broader level to ensure the regulatory revision is the most appropriate and
efficient and also disseminate the public hearing document at www.sec.or.th/hearing. Any related and
interested parties are welcome to make comments at the website or facsimile: 0-2033-9660 or e-mail: kunpatu@sec.or.th or suttikun@sec.or.th until 31 August 2018.
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