Following the issuance of the notifications relating to establishing SSF listed securities and the notification on waiving application and registration fees on 13 March 2020, SEC today met with senior executives of asset management companies and the AIMC to discuss the final details of the SSF listed securities which asset management companies have expressed interest in setting up and offering for sale from 1 April 2020.

SEC Secretary-General Ruenvadee Suwanmongkol said that “the SEC held a meeting with asset management companies and the AIMC to explain details and answer relevant questions. SEC is prepared to consider easing rules to make it more convenient and not too cumbersome. We have reached a conclusion and shared a common understanding. SEC is ready to receive applications for establishing SSF listed securities from today onwards.” 

At the cabinet meeting on 10 March 2020, the cabinet approved several measures in the first-phase relief package to reduce both direct and indirect impact of the COVID-19 epidemic on the economy. In a move to restore capital market confidence, the cabinet approved an additional tax privilege for people who purchase investment units in “SSF listed securities” which invest not less than 65% of net asset values in listed securities on SET. Investors are permitted to deduct an actual investment amount, but not exceed 200,000 baht, from annual assessable income as an additional personal income tax allowance, separate from the tax allowance for investment in Super Savings Fund regular, and not subject to the ceiling of the tax-deductible amount applied to retirement-related funds. Purchases must be made between 1 April 2020 and 30 June 2020 and investors must hold their investment units for not less than 10 years. SEC has issued relevant regulations to support the fund establishment as well as waived applications and registration fees for fund management companies. The next step is to consider and approve fund applications. 

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