The Thailand Securities and Exchange Commission has opened a public consultation on proposed principles and draft amendments to the eligibility criteria for foreign mutual funds and other foreign collective investment schemes that Thai mutual funds may invest in, with the aim of broadening investment choices and supporting more diverse financial products. Under existing SEC rules, a foreign mutual fund must be a collective investment scheme whose operator is supervised by a foreign securities regulator that is an ordinary member of the International Organization of Securities Commissions, enabling information exchange and enforcement cooperation under the IOSCO Multilateral Memorandum of Understanding. Following a March 2025 resolution of the Capital Market Supervisory Board, the proposal would allow additional types of foreign collective investment schemes, including structures such as commodity-based trusts, provided that the issuance and offering are supervised by foreign regulators overseeing securities and exchanges that are IOSCO ordinary members, and that the scheme’s units are traded on foreign exchanges that are members of the World Federation of Exchanges. These schemes would also need to meet other specified qualifications, except for the existing requirement relating to supervision of the scheme operator. Comments are requested through the SEC’s consultation channel by 25 May 2025.

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