The Thailand Securities and Exchange Commission has opened a public consultation on principles for a proposed ministerial regulation that would require additional provisions in the articles of provident funds. The proposal is aimed at strengthening protection of employee members’ benefits and ensuring that information is complete enough to support tracking, payments and retirement financial planning services. The proposed additional provisions would require fund articles to cover the provision of member information to the asset management company for tracking and payment purposes and for services related to retirement financial planning. They would also require that any amendment or addition to fund articles that materially affects the benefits of members or employers give primary consideration to the relevant party’s benefits. For funds whose articles were registered before the regulation takes effect, transitional provisions would require amendments to add these items, with the fund committee required to submit the amended articles to the SEC for registration within one year after the regulation enters into force. The SEC is consulting on the principles before proposing the ministerial regulation to the Ministry of Finance. The public hearing closes on 6 August 2026.

Original source Back to tracker