The Thailand Securities and Exchange Commission has opened a consultation on a proposal to let mutual funds and provident funds invest in savings certificates issued by the Government Housing Bank. The change would bring those instruments within the definition of deposits or deposit-equivalent instruments, expanding eligible investments for funds and aligning their treatment with similar products already issued by other state-owned specialized financial institutions. Current rules allow retail mutual funds, accredited investor funds and provident funds to invest in special savings certificates from the Government Savings Bank and savings certificates from the Bank for Agriculture and Agricultural Cooperatives, but not in Government Housing Bank savings certificates. The proposed amendment follows in-principle approval from the Capital Market Supervisory Board and is based on the view that Government Housing Bank certificates have similar legal and return-payment features to the already eligible instruments. Asset management companies would still need to comply with existing investment and risk management requirements, including single entity and group limits aimed at controlling concentration risk. The public hearing runs until 18 July 2026.

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