On Dec. 24, Thai SEC revised criteria of mutual fund re crypto assets.
Thai SEC revised rules re Guidelines for the management of mutual funds for general investors, mutual funds for non-retail investors, institutional investors, private funds.
Also revised Business standards, management structure, work systems and services of securities business operators and futures business operators, re crypto advertising.
Follows Thai SEC Dec. 24, 2024 revised rules on funds re crypto assets, see #238749.
Also follows Thai SEC Feb. 2021 issued notice re draft rules for managing mutual funds for general investors, non-retail investors and institutional investors, see #86539.
Crypto Asset Investment Policy
If mutual funds for general investors or mutual funds for non-retail investors do not have an indirect investment policy for crypto assets based on their investment policy, relevant fund management firm cannot amend the policy to also cover crypto assets.
Advertising
In terms of advertising a fund that has or will invest directly or indirectly in crypto assets in accordance with the Capital Market Supervisory Board announcement, the operator must advertise through appropriate channels, to enhance investor protection.
Effectiveness
The amendments will be effective from Jan. 16, 2025.
