The prevention and management of conflicts of interests in investment management businesses is one of SEC’s important strategies  because business structure in Thailand is characteristic of financial business operation, which is hard to avoid making transaction with relevant people such as, the sales of securities via affiliated securities companies and any instruments issued or on sale by commercial banks as parent companies.

Therefore, SEC has revised such regulations and guidelines for the investment management business operators to administer their investment with the best interests of the investors in minds, as well as for them to have a flexible and effective working system and measures against conflicts of interests. SEC also sought comments and concerns in regards of relevant aspects such as, the definition of market price to become clearer funds to operate any transactions with the involved parties without the approval from their trustees, the revision of investment for assets management companies to become more flexible, and the revision of preventive measures against leaks of inside information of investment management companies to become more appropriate to the presence.

Furthermore, the revision of regulations regarding the prevention and management of conflicts of interests is an important policy towards investment business operation and is also one of the pioneer programs under the concept of regulatory reform that SEC had used to revise multiple regulations.

However, in regards of the draft regulations, SEC also held a meeting with relevant sectors, accumulated concerns and comments thereon, and revised them in order to be more flexible, easier to understand, clearer, and more appropriate.

SEC has published relevant documents regarding public hearing at www.sec.or.th/hearing. Any interested parties can submit their comments and concerns via the website, via fax 0-033-9660, or via e-mail sirinad@sec.or.th or chortip@sec.or.th until 13 December 2018.