On Oct. 15, 2026, Thai SEC issued notifications finalizing amendments to mutual fund management scheme and prospectus disclosure requirements following the consultation dated Aug. 7, 2026 above.
Notification 24/2569 replaces clause 10/1 of notification 29/2564, as amended by notification 11/2568.
It requires SRI funds, Thai ESG Funds, and Thai ESG Extra Funds to disclose relevant management information in their management schemes in accordance with applicable Thai SEC requirements.
Notification 25/2569 replaces form 123-1 and its explanatory notes under notification 69/2564, as amended by notification 17/2569, for mutual fund prospectuses offered to retail, non-retail, and institutional investors.
Both notifications take effect on Nov. 1, 2026.
Document dated Oct. 15, 2026, received from Thai SEC Oct. 19, summarized Oct. 22.
On Apr. 30, Thai GVT and Thai SEC issued mutual fund consultation.
Thai GVT and Thai SEC proposed changes to rules relating to liquidity risk management tools for mutual funds and disclosure for Sustainable and Responsible Investing Funds (SRI Funds).
Aims to enhance regulatory flexibility and clarity, align with international practices, improve transparency in the operations of asset management companies, and support the long-term stability and sustainability of the mutual fund industry.
Liquidity Risk Management Rules
Allow asset management companies to make payments to unitholders in cash or units within an appropriate timeframe.
Establish transparent and appropriate rules for calculating expenses related to side pocket asset management.
Standardize and systematic disclosure of side pocket operations.
Require asset management companies to clearly disclose relevant information to investors when suspension of dealing is used, including where subscriptions or redemptions of units are suspended.
SRI Fund Disclosure Rules
Require SRI Funds to disclose sustainability-aligned benchmarks in the full prospectus and factsheet, instead of scheme particulars.
Add factsheet disclosure for Thailand ESG Funds (Thai ESG) and Thailand ESG Extra Fund (Thai ESGX) investments in JUMP+ shares under "Sustainability Corner."
Effectiveness
Consultation ends on Jun. 5, 2026.
Aug. 2026 Follow-On Consultation on SRI
On Aug. 7, 2026, Thai SEC, Thai GVT sought further comments on draft amendments to improve disclosure requirements for SRI funds, including Thai ESG and Thai ESGX funds investing in JUMP+ companies.
These funds would have to disclose in their factsheets the proportion of JUMP+ investments as a percentage of NAV and the number and investment proportion of companies classified by progress under their JUMP+ plans.
They would also have to disclose the proportion of invested JUMP+ companies with which the asset management company engaged during the previous year, including direct, collaborative, and public-forum engagement.
Thai SEC also proposes allowing sustainability reference indices to be changed without amending the fund's formal project details, although any benchmark used must still be disclosed in the full prospectus and factsheet.
Other key SRI disclosures, including investment policy, sustainability objectives, investment framework and strategy, risks, and procedures for non-compliant investments, would remain required.
The proposals aim to improve transparency and credibility, facilitate investor comparison, reduce duplicative requirements, and ease compliance for asset management companies.
Comment period for the consultation closes on Sep. 6, 2026.
Sep. 2026 Further Consultation on Fund Liquidity
On Sep. 18, 2026, Thai SEC, Thai GVT sought comments on draft rules for mutual fund liquidity risk management tools, specifically side pockets and suspension of dealing, to improve management flexibility, disclosure, and fair treatment of unitholders.
For side pockets, asset management companies would be allowed to repay eligible unitholders with units of the original mutual fund as an alternative to cash, subject to clearly specified conditions and procedures.
Expenses charged to side-pocketed assets would have to be necessary, reasonable, and directly related to managing those assets, with the charging methodology disclosed in fund documents.
The draft rules set requirements for asset valuation, determination of eligible recipients, managing and disposing of assets, and distribution of cash or fund units.
Asset management companies would have to notify Thai SEC and unitholders within prescribed timeframes and provide ongoing information on the status of side-pocketed assets.
For suspension of dealing, asset management companies would face clearer notification and disclosure requirements when subscriptions or redemptions are suspended.
If a suspension lasts more than one business day, firms would have to notify unitholders and the public before reopening and report relevant information, including the fund’s investment position, to Thai SEC.
Comments on the draft are due by Oct. 16, 2026.
Oct. 15, 2026 Fund Disclosure Finalized
On Oct. 15, 2026, Thai SEC issued notifications finalizing amendments to mutual fund management scheme and prospectus disclosure requirements following the consultation dated Aug. 7, 2026 above.
Notification 24/2569 replaces clause 10/1 of notification 29/2564, as amended by notification 11/2568.
It requires SRI funds, Thai ESG Funds, and Thai ESG Extra Funds to disclose relevant management information in their management schemes in accordance with applicable Thai SEC requirements.
Notification 25/2569 replaces form 123-1 and its explanatory notes under notification 69/2564, as amended by notification 17/2569, for mutual fund prospectuses offered to retail, non-retail, and institutional investors.
Both notifications take effect on Nov. 1, 2026.
Document dated Oct. 15, 2026, received from Thai SEC Oct. 19, summarized Oct. 22.
