Bangkok, Thursday 16 August 2018 - SEC is conducting a public hearing on the regulatory revision for private fund management business to improve flexibility in business operation while maintaining standards of business which putting investors first.
SEC is opening for public
comments on the regulations to supervise private funds as the business
operators have developed a variety of services to satisfy customers. Therefore,
SEC intends to amend its rules to be more flexible without high operating costs,
and cope with more diverse patterns of business operations. This revision
focuses on the principle-based regulations, instead of fixed details, that
cover several issues such as personnel readiness, investment management, receiving
and delivery of funds’ assets and risk management.
SEC has studied the
supervision in other countries and has requested for initial comments from the
business sector in order to ensure this regulatory revision be appropriate for
private fund management business in the Thai capital markets.
Thus, SEC intends to hear comments at a
broader level to ensure the regulatory revision is the most appropriate and
efficient and also disseminate the public hearing document at SEC website: www.sec.or.th/hearing. Any related and
interested parties are welcome to make comments at the website or facsimile: 0-2033-9660 or e-mail: kunpatu@sec.or.th or suttikun@sec.or.th until 31 August 2018.
_____________________________