Bangkok, August 13, 2013 ?The SEC is seeking public comment on draft amendments to the rules governing fund investment in Greater Mekong Subregion (GMS) to wider variety of investment choices. The consultation paper is available until August 20, 2013.
The SEC proposes to allow mutual fund, private fund, provident fund and accredited investor fund to invest in both listed and unlisted instruments of the GMS countries, namely Cambodia, Laos and Myanmar, currently not regulated by members of International Organization of Securities Commissions (IOSCO) or not traded on the member markets of the World Federation of Exchanges (WFE).
The proposal aims to enhance investment opportunity and investment choices for investors in the high growth subregion with an appropriate investor protection. For example, an investment proportion will be set to suit each type of funds. Asset management companies must make a cautious investment decision and conduct due diligence. In addition, information disclosure of instruments, risks associated and investment returns will be clearly and sufficiently included in prospectus.
The consultation paper is available on the SEC website at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website, through facsimile number 0-2263-6247 or 0-2695-9915, or email to firstname.lastname@example.org or email@example.com until August 20, 2013.