Bangkok, July 28, 2014 ? Vorapol Socatiyanurak, SEC Secretary-General revealed that the Capital Market Supervisory Board has approved revisions of investment rules applicable to mutual funds and provident funds in response to market development while widening investment asset varieties and in line with international standards.

Key proposed changes include introduction of more principle-based eligible asset rules, investment rules with higher level of diversification and reclassifications of funds to better reflect investment risks on the basis of exposure to net asset value instead of investment value.  In addition, inception of mutual funds for non-retail (MF for non-retail) will no longer be permitted to avoid repetition of mutual funds for accredited investors, selling units to institutional and high net worth investors only.  The new rules will become effective in a year after the announcement date to allow preparation of asset management firms? operations, except revocation of MF for non-retail which will become effective upon the announcement.