​​Management of Mutual Fund

1. Authority of the SEC

To ensure that the management of a mutual fund is in accordance with the policy or the supervisory rules in effect at the time or to ensure the interest of investor protection, the SEC is empowered with rights to order the mutual ​fund management company to take any action or to refrain from any action, in following cases:

(1) The actual objective or substance of managing the mutual fund constitutes an avoidance of the provisions or the rules.

(2) The management of the mutual fund may contravene the government policy relating to the capital market.

(3) The management of the mutual fund may have an impact upon the credibility of the Thai capital market.

(4) The management of the mutual fund may cause damage or unfair treatment to the investors.

​(5) The operation of the mutual fund is  inconsistent with the approved scheme.

​In this connection, the SEC has the power to order:

(1) Clarification or disclosure of additional information;

(2) Rectification of the characteristics of the mutual fund;

(3) Suspension of an offering for sale of additional investment units.