The SEC has implemented the regulatory guillotine scheme,** which aims to review and revise regulations to suit the current situations, enhance competitiveness, and facilitate operations of business sectors. In so doing, the SEC cooperates and discuss with the Association of Investment Management Companies (AIMC) to amend the regulations for calculation and announcement of net asset value (NAV) of investment units and the price of the investment units of UI mutual funds to be consistent with the guidelines of mutual funds for retail investors, mutual funds for accredited investors and mutual funds for institutional investors (general mutual funds). This is to promote flexibility in support of guidelines of asset mangement companies under the regulations of the same standards.  

The amended regulations in this matter have come into force since 16 July 2021. The AIMC is responsible for issuing relevant rules under the SEC’s approval, as part of the investor protection mechanism. If the AIMC has not issued relevant rules, asset management companies shall comply with the SEC’s regulations that have been in force before the effective date of the amended regulations until the AIMC issues such regulations with approval from the SEC.

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Remarks:  

*  Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 7/2562 Re: Rules in Detail of the Work System and Management of Mutual Funds for  Institutional Investors or Ultra-High Net Worth Investors, dated 1 February 2019.

**  Regulatory Guillotine is the regulatory review of the existing laws and regulations. The reviewed laws and regulations that are not necessary or do not keep pace with situations or remain obstacles to living or occupations will be abolished or revised to lessen burden on people. By doing so, methods used must be done with speed, transparency, low costs with participation of all related parties.