Following the Capital Market Supervisory Board’s approval in principle in June 2026 of the inclusion of GHB savings certificates as eligible investment assets for funds, namely retail mutual funds, accredited investor funds, and provident funds, the SEC conducted a public hearing on the proposed principle from 18 June to 18 July 2026. All respondents agreed with the proposal.

In this regard, the SEC is seeking public comments on the draft regulations, which would include GHB savings certificates within the definition of “deposits or deposit-equivalent instruments”* to ensure consistency in the criteria governing fund investment in savings certificates issued by SFIs. The proposed amendment would also provide greater flexibility in managing fund investment portfolios, while remaining subject to all applicable requirements on investment, diversification, and relevant disclosure.

Asset management companies would, nevertheless, remain subject to all applicable investment and risk management requirements, including the single entity limit and group limit, which are designed to mitigate concentration risk arising from excessive exposure to a particular issuer, counterparty or group of companies.

The consultation paper is available on the SEC website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1195 and on the Legal Hub at https://law.go.th/listeningDetail?survey_id=NzgwMkRHQV9MQVdfRlJPTlRFTkQ=. Stakeholders and interested parties are invited to review the consultation paper and submit comments through these websites or by email to tonyada@sec.or.th or pattarav@sec.or.th. The public hearing ends on 2 September 2026.

Note:

* Appendix 1 to the Notification of the Capital Market Supervisory Board No. Tor Nor. 87/2558 Re: Investment of Funds, dated 17 December 2015, defines “deposits or deposit-equivalent instruments” to mean the following assets: deposits, Islamic deposits or other instruments with similar characteristics to deposits, BAAC savings certificates, and GSB savings certificates.