Bangkok, January 27, 2015 ? The SEC eases investment rules to allow mutual funds for retail investors (retail fund) and private funds to invest in the GMS instruments.
Vorapol Socatiyanurak, SEC Secretary-General revealed that the Capital Market Supervisory Board has approved revisions of investment rules applicable to retail funds and private funds to invest in financial instruments of the Greater Mekong Sub-region (GMS) countries, namely, Cambodia, Laos and Myanmar. Under the revised rules, investment diversification will be relaxed while clear and adequate information on GMS instruments must be disclosed in the fund prospectus, especially investment policies, investment proportion and associated risks. In addition, if the funds invest in the GMS instruments more than 60 percent of NAV, the asset management companies must provide explanation concerning the funds for investors? understanding and must also take necessary steps to ensure that investors learn of associated risks prior to making investment.
?Ease of investment rules for mutual fund aims to widen both investment and fund raising opportunities for large projects in the GMS countries which have high growth potential?, Vorapol said.