The Thailand Securities and Exchange Commission has launched a public consultation on revised principles for amending provident fund management rules. The proposal is aimed at ensuring employers, fund committees and members receive sufficient information and advice suited to members’ needs, while allowing asset management companies to deliver more appropriate services. The revised draft incorporates earlier stakeholder feedback and keeps the stated focus on protecting provident fund members’ rights through clearer, more flexible requirements. The main changes cover default investment design, disclosure and member servicing. Asset management companies would have to design default portfolios for members who do not choose an investment policy based on the diversity of member profiles and the adequacy of long-term savings, rather than the profile of the majority of members. This could include life path or target date strategies or more than one default portfolio for agreed member groupings. The proposal would also require clearer and more flexible disclosure of investment terms, with asset management companies required to prepare and disclose those terms to fund committees and members and submit them to the SEC, while pooled funds would also have to make the terms publicly accessible. In addition, the permitted purposes for holding member information would be expanded from verification, contact and payment to broader functions including fund administration, member registration and protection of members’ rights and investments. The Association of Investment Management Companies would also be required to issue SEC-approved practice guidelines on default portfolio design, disclosure formats, member information and the scope of information, advice and services, including post-retirement money management advice. Under the proposal, the amended rules would take effect within 12 months of publication in the Government Gazette. After six months, asset management companies would have to report to the SEC within one month on their implementation progress and preparation plans. The consultation runs until 23 July 2026.
Thailand Securities & Exchange Commission2026-06-23
Thailand Securities and Exchange Commission launches consultation on provident fund management reforms covering default portfolios disclosure and member servicing
The Thailand Securities and Exchange Commission is consulting on amendments to provident fund management rules that would reshape default portfolio design, disclosure of investment terms and the handling of member information. Asset management companies would face new requirements, while the Association of Investment Management Companies would have to issue SEC-approved practice guidelines. The proposed rules would take effect within 12 months of publication in the Government Gazette, with interim progress reporting after six months.