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SEC Revises Regulations to Enhance Flexibility for Asset Management Companies in Compensating Mutual Funds or Investors in Cases of Incorrect Pricing – Effective 1 February 2026



Tuesday 6 January 2026 | No. 4 / 2026


Bangkok, 6 January 2026 – The Securities and Exchange Commission (SEC) has amended the regulations governing the operations of asset management companies (AMCs) in cases where investment unit values or prices are calculated incorrectly (“incorrect pricing”). Under the revised rules, AMCs can choose to provide monetary compensation to the mutual fund or investors, in addition to reducing the number of investment units held by those who received excess benefits. Moreover, AMCs are permitted to compensate in amounts exceeding the actual loss incurred. These changes aim to give AMCs greater flexibility in managing mutual funds while ensuring that investors remain properly protected and retain all rightful benefits.

 

The SEC previously conducted a public hearing in Q3/2025 on the proposed principles and draft notification concerning asset management companies’ operations in cases of incorrect pricing, where all respondents expressed support for the proposal. The SEC has therefore amended the regulations with the following key points:

(1)  Additional Compensation Option – AMCs can use their own funds to compensate the affected mutual fund, as an alternative to reducing the number of investment units held by buyers or sellers who received excess benefits.

(2)  Greater Flexibility in Compensation Amounts – AMCs can compensate the mutual fund or affected investors in an amount exceeding the actual loss incurred, such as by considering opportunity costs.

The revised regulations* have been published in the Government Gazette and will take effect from 1 February 2026 onward.

 



Notes:

* Notification of the Office of the Securities and Exchange Commission No. SorNor. 52/2025 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, and Mutual Funds for Institutional Investors (No. 13), including Appendix 2 





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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. 4 / 2026 Tuesday 6 January 2026
SEC Revises Regulations to Enhance Flexibility for Asset Management Companies in Compensating Mutual Funds or Investors in Cases of Incorrect Pricing – Effective 1 February 2026

Bangkok, 6 January 2026 – The Securities and Exchange Commission (SEC) has amended the regulations governing the operations of asset management companies (AMCs) in cases where investment unit values or prices are calculated incorrectly (“incorrect pricing”). Under the revised rules, AMCs can choose to provide monetary compensation to the mutual fund or investors, in addition to reducing the number of investment units held by those who received excess benefits. Moreover, AMCs are permitted to compensate in amounts exceeding the actual loss incurred. These changes aim to give AMCs greater flexibility in managing mutual funds while ensuring that investors remain properly protected and retain all rightful benefits.

 

The SEC previously conducted a public hearing in Q3/2025 on the proposed principles and draft notification concerning asset management companies’ operations in cases of incorrect pricing, where all respondents expressed support for the proposal. The SEC has therefore amended the regulations with the following key points:

(1)  Additional Compensation Option – AMCs can use their own funds to compensate the affected mutual fund, as an alternative to reducing the number of investment units held by buyers or sellers who received excess benefits.

(2)  Greater Flexibility in Compensation Amounts – AMCs can compensate the mutual fund or affected investors in an amount exceeding the actual loss incurred, such as by considering opportunity costs.

The revised regulations* have been published in the Government Gazette and will take effect from 1 February 2026 onward.

 



Notes:

* Notification of the Office of the Securities and Exchange Commission No. SorNor. 52/2025 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, and Mutual Funds for Institutional Investors (No. 13), including Appendix 2