On Jul. 8, Thai SEC issued guidelines for maintaining liquidity of funds.
Thai SEC issued Guidelines for managing liquidity of mutual funds focused on debt instruments, guiding fund management companies to maintain adequate liquidity.
Follows Thai SEC Jan. 2021 issued draft rules for managing mutual funds, see #86539.
Document dated Jul. 8, 2025, received from Thai SEC Jul. 11, summarized on Jul. 15.
Highlights of Guidelines
Defines mutual funds focused on debt instruments as mutual funds for general and non-retail investors, money market funds, bond funds and balanced funds with a policy to focus on investment in debt instruments.
This announcement excludes retirement mutual funds, provident fund mutual funds, savings mutual funds, Thai ESG mutual funds and funds with fixed auto-redemption.
Specifies that fund management companies must maintain adequate liquid assets aligned with their redemption and repurchase policies; restore to minimum if needed.
The previous guideline (announcement No. 3/2563, dated Aug. 5, 2020) is revoked.
Effectiveness
The guidelines will be effective from Aug. 1, 2025.
