Following
the SEC’s public hearing on the proposed principles for revising the rules governing
SRI Funds, the SEC has taken into account the comments and suggestions received
in preparing the draft regulations. The key matters are as follows:
1. Disclosure of investments in JUMP+ shares: Thai ESG and Thai ESGX funds
investing in shares of listed companies participating in the JUMP+ Project are
required to disclose information in the Sustainability Corner of their
factsheets,
covering at least the following matters:
1.1 The
proportion of the fund’s investment in JUMP+ companies as a percentage of the fund’s
net asset value, to allow investors to have a clearer view of the portfolio
composition based on sustainability characteristics.
1.2 The number of companies and
investment proportions, classified by progress in implementing the JUMP+ plan,
namely companies that have fully implemented the key action plans, companies
that have partially implemented the plans and have an improvement and corrective
action approach, and companies that have partially implemented the plans but
have not specified an improvement and corrective action approach.
1.3 The proportion of JUMP+ companies
in which the fund invests and with which the asset management companies (AMCs)
have undertaken engagement during the past one year, covering direct
engagement, collaboration with other investors, and monitoring or communication
with the companies through public forums, to support and monitor implementation
of the business plan, governance plan, and climate action plan, if any.
Such disclosure would enable
investors to assess the proportion of investments, the implementation progress of
the companies in which the fund invests, and the extent of the AMCs’ monitoring
and engagement with those companies. It would also align the sustainability-related
disclosure of Thai ESG and Thai ESGX funds with the types of assets in which
the funds invest and with the disclosure approach applicable to investments in
shares under the Corporate Value Up Plan (CVUP).
2.
Providing greater flexibility in changing the reference
ESG benchmark for SRI Funds:
The requirements concerning the scheme details of SRI Funds would be revised by
removing the requirement for an SRI Fund to specify its reference ESG
benchmark in the fund scheme.
Where such an index is used, the relevant information would continue to
be disclosed in the prospectus and fund factsheet to ensure that investors receive
the information necessary to make an informed investment decisions.
This
approach would allow AMCs to change their SRI Funds’ reference ESG benchmark that
would be appropriate and consistent with the funds’ sustainability objectives, without
the need to amend the fund scheme. At the same time, other key information relating
to SRI Funds, including their investment policies, sustainability objectives,
investment frameworks, investment strategies, risks, and procedures applicable
when investments are not aligned with the sustainability objectives, would remain
subject to the relevant disclosure requirements.
This
revision aims to enhance the transparency and credibility of sustainable investment
products by enabling investors to better access and compare useful information,
while reducing regulatory
duplication and
facilitating AMCs’ compliance with the requirements.
The SEC
is therefore seeking public comments on the draft regulations and has published
the consultation paper on the SEC website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1198 and on the Legal Hub at https://law.go.th/listeningDetail?survey_id=Nzg0NURHQV9MQVdfRlJPTlRFTkQ=
Stakeholders and interested parties are invited to review the consultation
paper and submit comments through these websites until 6 September 2026. For further inquiries, please contact pimphan@sec.or.th
or parnward@sec.or.th.
Note:
* SEC
News No. 91/2026 dated 30 April 2026 “SEC proposes to enhance flexibility in
liquidity risk management tools for mutual funds and strengthen disclosure
requirements for SRI Fund”
https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=12787&NewsNo=91&NewsYear=2026&Lang=EN