On Jun. 25, 2025, Thai SEC issued announcement on the finalized rules above.
Revisions provide that if the trust manager is a person and, if the company's financial statements have been prepared and submitted as specified, it shall be deemed that the trust manager fulfilled the requirement of submitting financial statements.
Follows Thai SEC Dec. 2019 exempt duties of unitholders' registration, see #68970.
The announcement will be effective from Jul. 16, 2025.
Document dated Jun. 25, 2025, received from Thai SEC Jun. 30, summarized on Jul. 2.
On May 2, Thai SEC proposed revision to REIT manager submissions.
Thai SEC proposed revisions to rules for financial statement submission by REIT managers, to reduce redundancy and the administrative burden for REIT managers.
Particularly those who are also licensed asset management companies (AMCs).
Proposed Revisions
REIT managers would be required to submit their company’s financial statements to Thai SEC within 4 months after fiscal year-end, instead of current 3-month deadline.
Managers who are AMCs will be required to submit financial statements only via SEC's reporting system for securities companies, removing dual submission requirement.
Those are not AMCs must submit through Thai SEC’s designated electronic system.
Consultation End
Comment period for this consultation closes on Jun. 1, 2025.
Jun. 2025 Implementation
On Jun. 25, 2025, Thai SEC issued announcement on the finalized rules above.
Revisions provide that if the trust manager is a person and, if the company's financial statements have been prepared and submitted as specified, it shall be deemed that the trust manager fulfilled the requirement of submitting financial statements.
Follows Thai SEC Dec. 2019 exempt duties of unitholders' registration, see #68970.
The announcement will be effective from Jul. 16, 2025.
Document dated Jun. 25, 2025, received from Thai SEC Jun. 30, summarized on Jul. 2.
Regulators
Thai SEC
Entity Types
Fiduciary; Inv Co
Reference
Cir Sor Chor. 21/2568, 6/25/2025; PR 113/2568, CP 15/2568, 5/2/2025
