Bangkok, 9 August 2016 ? The SEC is seeking public comments on the proposed revision to the rules governing custody of clients? assets by intermediaries to ensure investors? best interest.

The guiding principle proposes revision to the types of permissible investment products and the qualifications of commercial banks eligible to provide investment and deposit services in relation to asset custody of securities clients.

Essentially, securities companies and derivative business operators would be allowed to invest their clients? assets in money market funds as well as bills of exchange and promissory notes issued by commercial banks, the banks established by specific laws or TSFC Securities Public Company Limited (TSFC) on the condition that the financial instruments and the issuers thereof must have the specified qualifications.

The proposed revision aims to provide an opportunity for intermediaries to deposit or invest clients? assets under their custody in more types of low-risk, high-liquidity products suitable for timely redemption upon clients? demands.

The consultation paper is available at www.sec.or.th/hearing. Stakeholders and interested parties are welcome to submit comments through the website, or facsimile at 0-2263-6575 or email: anoma@sec.or.th.     

The public hearing ends on September 2, 2016.