Bangkok, 30 November 2016 ? The SEC is seeking public comments on the draft amendments concerning mutual fund product governance to ensure that intermediaries? business practice focuses primarily on investors? best interest. 

This regulatory revision is part of the SEC?s three-year strategic plan to improve the overall market ecosystem regarding capital market product governance. The key points of amendment include creation of preventive mechanism against conflicts of interest, selection of intermediaries to support offer for sale of mutual funds of different types that would serve different target groups more efficiently, and procedures for clearer communication between selling agents and investors. 

The relevant regulations cover four key areas, namely: (1) the organizational structure, the roles of the board of directors and the responsibilities of the senior management, (2) the fund product governance, (3) the criteria for selection of intermediaries/unit distributors and product communication, and (4) the oversight of fund products and duty performance of selling agents. 

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 0-2263-6503 or email: teerawat@sec.or.th. 

The public hearing ends on 30 December 2016.