The Thailand Securities and Exchange Commission has opened public consultation on draft amendments to private fund regulations aimed at clarifying Private Fund Standard Portfolio disclosure requirements, making private fund financial statement reporting more appropriate to investor profiles, and setting clearer guidelines for conflicts of interest disclosures. The proposals are framed around ensuring investors receive sufficient information for decision-making while avoiding undue compliance burdens on operators. Under the draft, PFS disclosures would need to be clear, transparent and not misleading about investment nature, type, risks or returns, including rules to prevent selective presentation of only favourable past-performance periods in advertising and to ensure performance information is understandable and accurately presented. Financial statement reporting would be made more flexible by allowing formats tailored to investor types and service characteristics, while still providing essential information for investors to monitor performance. Conflicts-of-interest guidance would be clarified for cross trades between funds or between clients under the same management, aligned with the approach applied to mutual funds, and extended to cover private funds and provident funds, with added disclosure requirements for fees, remuneration or other benefits that may create conflicts. The consultation runs until 27 May 2026. The SEC noted that a prior public hearing on the underlying principles took place during November–December 2025, with most respondents supporting the approach.
Thailand Securities & Exchange Commission 2026-04-27
Thailand Securities and Exchange Commission launches consultation on amendments to private fund disclosure reporting and conflicts of interest rules
The Thailand Securities and Exchange Commission has proposed amendments to private fund regulations to clarify Private Fund Standard Portfolio disclosure requirements, better align financial reporting with investor profiles, and strengthen conflicts-of-interest disclosures. The draft would require clear, transparent and non-misleading performance and risk information, allow more flexible financial reporting formats while preserving essential monitoring information, and align cross-trade and conflict-of-interest guidance for private and provident funds with the mutual fund regime, including enhanced fee and remuneration disclosures.