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SEC amends regulations to exempt digital asset fund manager licenses for SCs and AMCs managing digital asset investments under securities regulations



Monday 17 March 2025 | No. 60 / 2025


Bangkok, 17 March 2025 – The Securities and Exchange Commission (SEC) has amended the regulations to exempt securities companies (SC) and asset management companies (AMC) from the requirement to obtain a digital asset fund manager license. This exemption applies to SCs and AMCs that hold licenses for mutual fund (MF) and private fund (PF) management and engage in digital asset investment management. The objective is to allow traditional financial institutions to play a role in supporting the growth of investment tokens while enhancing flexibility and diversification in MF and PF investments. The amended regulations will take effect on 16 March 2025.

Earlier, the SEC conducted a public hearing on proposed principles and amendments regarding the exemption of the digital asset fund manager license for SCs and AMCs managing MF and PF investments in digital assets. This initiative aims to facilitate greater investor access to investment tokens in both primary and secondary markets through traditional financial institutions. Such a development will contribute to a more complete investment token ecosystem while increasing investment flexibility and diversification for MFs and PFs. These SCs and AMCs will remain under securities regulations. The public hearing was completed in the fourth quarter of 2024, with the majority of stakeholders and respondents expressing support for the proposed amendments. 

The SEC has therefore issued a notification regarding the amended regulations for SCs and AMCs*, which has been published in the Government Gazette and will take effect from 16 March 2025 onwards.

Remark: 

* The Notification of the Securities and Exchange Commission No. Kor Thor. 1/2568 Re: the Determination of Fund Management Activities Not Deemed to Be Digital Asset Fund Management Business (No. 2): https://publish.sec.or.th/nrs/10662s.pdf.





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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. 60 / 2025 Monday 17 March 2025
SEC amends regulations to exempt digital asset fund manager licenses for SCs and AMCs managing digital asset investments under securities regulations

Bangkok, 17 March 2025 – The Securities and Exchange Commission (SEC) has amended the regulations to exempt securities companies (SC) and asset management companies (AMC) from the requirement to obtain a digital asset fund manager license. This exemption applies to SCs and AMCs that hold licenses for mutual fund (MF) and private fund (PF) management and engage in digital asset investment management. The objective is to allow traditional financial institutions to play a role in supporting the growth of investment tokens while enhancing flexibility and diversification in MF and PF investments. The amended regulations will take effect on 16 March 2025.

Earlier, the SEC conducted a public hearing on proposed principles and amendments regarding the exemption of the digital asset fund manager license for SCs and AMCs managing MF and PF investments in digital assets. This initiative aims to facilitate greater investor access to investment tokens in both primary and secondary markets through traditional financial institutions. Such a development will contribute to a more complete investment token ecosystem while increasing investment flexibility and diversification for MFs and PFs. These SCs and AMCs will remain under securities regulations. The public hearing was completed in the fourth quarter of 2024, with the majority of stakeholders and respondents expressing support for the proposed amendments. 

The SEC has therefore issued a notification regarding the amended regulations for SCs and AMCs*, which has been published in the Government Gazette and will take effect from 16 March 2025 onwards.

Remark: 

* The Notification of the Securities and Exchange Commission No. Kor Thor. 1/2568 Re: the Determination of Fund Management Activities Not Deemed to Be Digital Asset Fund Management Business (No. 2): https://publish.sec.or.th/nrs/10662s.pdf.