Thailand’s regulator has issued liquidity risk management criteria and liquidity management tools for mutual funds to protect investors.
The SFC has also signed similar agreements with Netherlands, mainland China, Switzerland, the UK, Luxembourg and France.
The country’s securities regulator wants fund managers and distributors to disclose more information about the products’ risks.
In a step toward ESG funds, Thailand’s asset managers are launching a series of domestic equity funds focused on companies with high corporate governance scores.
A new mandatory provident scheme and stronger disclosure rules will impact asset and wealth managers, according to Kittikun Tanaratpattanakit, senior research analyst at Morningstar Thailand.
Thailand’s Securities and Exchange Commission (SEC) has issued a regulation allowing asset managers to set-up hedge fund-like products for domestic institutional and high-net-worth investors.
Relaxed regulations for Thai investors promise more access to global funds, but take-up could be slow because they compete with locally-wrapped funds, said Morningstar’s senior research analyst in Thailand, Kittikun Tanaratpattanakit.
In separate incidents, Thailand’s Securities and Exchange Committee has filed criminal complaints against two British nationals accused of operating securities businesses without a licence.
Thailand has proposed revising the rules to ensure only accredited investors – such as high net worth individuals – with matching risk profiles are eligible to invest in high risk mutual funds.
Regulators have approved five funds for participation in the cross-border ASEAN fund passport initiative.