In recent years, Thailand’s investment management business has continued to grow and has played an important role in public savings and investment. Meanwhile, fund products have evolved and become more complex, both in terms of the types of assets in which funds may invest and product structures, including the classification of investment units (unit classes) to accommodate the different needs of investors. The SEC therefore proposes amendments to the regulations and reporting forms related to the investment management business to align with these developments. The key elements are as follows:

(1) Require the use of the International Securities Identification Number (ISIN Code) as the primary reference identifier for each fund or unit class to enable more accurate identification and data linkage, particularly for funds with multiple unit classes or changes in unit class abbreviations.

(2) Amend seven groups of reporting forms to accommodate information at the unit class level, new types of assets in which funds may invest, and asset details that more clearly reflect characteristics and liquidity risks. These amendments would also provide the SEC with the information necessary for appropriate and timely supervision, risk monitoring and investor protection.

(3) Change the report submission channel from the One For All Reporting System (OFAR) to the E-Reporting system to reduce duplication of reporting channels and lower business operators’ expenses from using Digital Signature Certificates under the existing system.

In addition, the SEC proposes to amend the capital maintenance regulations applicable to business operators engaging in mutual fund management, private fund management, brokerage, dealing and underwriting of investment units, as well as derivatives fund management, by including GHB savings certificates within the definition of “deposits or deposit-equivalent instruments.” Such certificates would therefore be eligible for inclusion in capital calculations, thereby providing business operators with greater flexibility in capital management.

The consultation paper is available on the SEC website at https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1202 and on the Legal Hub at https://law.go.th/listeningDetail?survey_id=ODExMkRHQV9MQVdfRlJPTlRFTkQ=. Stakeholders and interested parties are invited to review the consultation paper and submit comments through these websites or by email to tantatat@sec.or.th or nopharat.p@sec.or.th. The public hearing ends on 2 October 2026.