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SEC public hearing on proposed amendments to PVD regulations to enhance fund management and efficiency of member rights protection



Friday 7 November 2025 | No. 272 / 2025


Bangkok, 27 October 2025 – The Securities and Exchange Commission (SEC) is seeking public comments on proposed amendments to the regulations governing provident fund (PVD) management. The proposed changes aim to establish a sound foundation that enables employers and fund committees to select appropriate investment strategies under transparent and verifiable agreements. The amendments would also ensure that PVD members receive sufficient investment information and advice tailored to their needs, while providing appropriate mechanisms for monitoring and protecting member rights. 

The SEC supports the use of PVD as an efficient savings mechanism and long-term investment tool for building retirement financial security. To strengthen this framework, the SEC is proposing regulatory amendments that would: (1) establish a necessary framework for enhancing management of investment and member data for fund administration and PVD members' rights protection, (2) improve efficiency of asset management with robust mechanism to protect PVD members’ rights, and (3) establish appropriate checks and balances for PVD management.  

The SEC is therefore conducting this public hearing on the proposed PVD amendments, with three key essences as follows:   

          (1) Prescribing duties of asset management companies (AMCs) to provide appropriate services to clients, covering four key areas, i.e., (a) knowing your clients (employers in this context), (b) offering suitable advice to clients, (c) monitoring and ensuring fund contracts and fund’s articles in compliance with relevant laws and regulations, and (d)  establishing and disclosing the PVD Statement of Investment Policy to stakeholders

          (2) Prescribing duties of AMCs regarding member services, including fund administration. AMCs providing member services would be required to maintain member registrations and support tasks related to the protection of members' rights and investments as specified (such as verifying the accuracy of fund contributions and providing services for the switching of investment policies). Additionally, AMCs would be required to ensure that PVD members’ personal information is sufficient and up-to-date for verification, communication, and payment to members whose membership has ended;   

            (3) Improving checks and balances mechanisms by stipulating that certain types of transactions by AMCs would be more suitable and flexible, and that relevant parties must be notified after such transactions are carried out.

The public consultation is available at the SEC website: https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1120 and the legal hub: https://law.go.th/listeningDetail?survey_id=NjAwN0RHQV9MQVdfRlJPTlRFTkQ=. Stakeholders and interested parties are invited to submit their comments and suggestions via the websites or email: anoma@sec.or.th, kodchawan@sec.or.th or sirinad@sec.or.th. The public hearing ends on 21 November 2025.    
 

 







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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 272 / 2025 Friday 7 November 2025
SEC public hearing on proposed amendments to PVD regulations to enhance fund management and efficiency of member rights protection

Bangkok, 27 October 2025 – The Securities and Exchange Commission (SEC) is seeking public comments on proposed amendments to the regulations governing provident fund (PVD) management. The proposed changes aim to establish a sound foundation that enables employers and fund committees to select appropriate investment strategies under transparent and verifiable agreements. The amendments would also ensure that PVD members receive sufficient investment information and advice tailored to their needs, while providing appropriate mechanisms for monitoring and protecting member rights. 

The SEC supports the use of PVD as an efficient savings mechanism and long-term investment tool for building retirement financial security. To strengthen this framework, the SEC is proposing regulatory amendments that would: (1) establish a necessary framework for enhancing management of investment and member data for fund administration and PVD members' rights protection, (2) improve efficiency of asset management with robust mechanism to protect PVD members’ rights, and (3) establish appropriate checks and balances for PVD management.  

The SEC is therefore conducting this public hearing on the proposed PVD amendments, with three key essences as follows:   

          (1) Prescribing duties of asset management companies (AMCs) to provide appropriate services to clients, covering four key areas, i.e., (a) knowing your clients (employers in this context), (b) offering suitable advice to clients, (c) monitoring and ensuring fund contracts and fund’s articles in compliance with relevant laws and regulations, and (d)  establishing and disclosing the PVD Statement of Investment Policy to stakeholders

          (2) Prescribing duties of AMCs regarding member services, including fund administration. AMCs providing member services would be required to maintain member registrations and support tasks related to the protection of members' rights and investments as specified (such as verifying the accuracy of fund contributions and providing services for the switching of investment policies). Additionally, AMCs would be required to ensure that PVD members’ personal information is sufficient and up-to-date for verification, communication, and payment to members whose membership has ended;   

            (3) Improving checks and balances mechanisms by stipulating that certain types of transactions by AMCs would be more suitable and flexible, and that relevant parties must be notified after such transactions are carried out.

The public consultation is available at the SEC website: https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1120 and the legal hub: https://law.go.th/listeningDetail?survey_id=NjAwN0RHQV9MQVdfRlJPTlRFTkQ=. Stakeholders and interested parties are invited to submit their comments and suggestions via the websites or email: anoma@sec.or.th, kodchawan@sec.or.th or sirinad@sec.or.th. The public hearing ends on 21 November 2025.