The prevention and management of conflicts of interests in investment management businesses are one of SEC’s important strategies because the business structure in Thailand is financial conglomeration, which is hard to avoid making transaction with relevant parties such as, the sales of securities via affiliated securities companies and any instruments issued or distributed by commercial banks as parent companies.

Therefore, SEC has revised such regulations and guidelines for the investment management business operators to administer their investment with the best interests for the investors, as well as to have a flexible and effective working system and measures against conflicts of interests. SEC also sought comments and concerns in regards of relevant aspects such as the definition of market price to become explicit for funds to operate any transactions with the involved parties without the approval from their trustees, the revision of investment for assets management companies to become more flexible, and the revision of preventive measures against leaks of inside information of investment management companies to become more suitable for the current fund management business.

Furthermore, the revision of regulations regarding the prevention and management of conflicts of interests is an important policy towards investment business operation and is also one of the pioneer programs under the concept of regulatory reform that SEC had used to revise multiple regulations.

However, in regards of the draft regulations, SEC also held a meeting with relevant sectors, accumulated concerns and comments to revise the regulations to be more flexible, easier to understand, clearer, and more appropriate.

SEC has published relevant documents regarding public hearing at SEC website: www.sec.or.th/hearing. Any interested parties can submit their comments and concerns via the website, via fax 0-033-9660, or via e-mail sirinad@sec.or.th or chortip@sec.or.th until 13 December 2018.

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