​Management of Mutual Fund

4. Preparation of financial reports of mutual fund

4.1 A mutual fund management company shall prepare the financial statements of the mutual fund in compliance with the accounting standards prescribed by related regulations on accounting.  The financial reports must be audited and given opinions by the auditors who has been approved by the SEC.

4.2 As for a country fund which is a mutual fund that offers all investment units for sale to investors who are not domiciled in Thailand, the mutual fund management company may prepare the financial statements in compliance with the International Accounting Standards Board (IASB) or the American Institution of Certified Public Accountants (AICPA) or the Financial Accounting Standards Board (FASB). Such financial statements must be audited and given opinions by authorized auditors in the countries where the investment units are offered. This information must be clearly specified in the scheme.

4.3 In the case of a mutual fund that will be terminated within 15 months from the registration date; or the preparation of the financial statements for the final accounting year ( a period of longer than 12 months but not longer than 15 months) , the mutual fund  management company may prepare the financial reports for such accounting period upon the dissolution date of the mutual fund.

​4.4 Preparation of a 6 month-period report and an annual report is not required for the mutual fund which has the term period less than one year, invest in instruments with maturity period close to the term of the fund, and the portfolio of which has no material changes throughout the scheme.