The Thailand Securities and Exchange Commission has opened a public consultation on proposed amendments to the regulations governing provident fund (PVD) management, aimed at strengthening how employers and fund committees select investment strategies and ensuring members receive adequate, needs-based investment information and advice with stronger protections for their rights. The proposals would set clearer duties for asset management companies (AMCs) across client service and governance, including requirements to know their clients (employers), provide suitable advice, monitor fund contracts and fund articles for legal and regulatory compliance, and establish and disclose a PVD Statement of Investment Policy. Where AMCs provide member services and fund administration, they would be required to maintain member registrations, support processes linked to rights and investment protections (including verifying contribution accuracy and facilitating switching of investment policies), and keep members’ personal information sufficient and up to date for verification, communication and payments after membership ends. The amendments also seek to enhance checks and balances by adjusting how certain AMC transactions are conducted and requiring notification of relevant parties after such transactions are carried out. The consultation period runs until 21 November 2025.
Thailand Securities & Exchange Commission 2025-10-27
Thailand Securities and Exchange Commission launches consultation on tougher duties and checks for provident fund asset managers
The Thailand Securities and Exchange Commission is consulting on proposed amendments to regulations for provident fund management. The changes aim to enhance employer and fund committee investment strategy selection, improve member investment information and advice, and strengthen asset management company duties in client service, governance, and compliance. The amendments also propose improved checks and balances for asset management company transactions.