The Thailand Securities & Exchange Commission has amended its rules to exempt securities companies and asset management companies from needing a digital asset fund manager license when they manage digital asset investments within mutual funds and private funds, provided they already hold mutual fund and private fund management licenses. The change is effective from 16 March 2025. The exemption is intended to enable traditional financial institutions to support the growth of investment tokens and to increase flexibility and diversification in mutual fund and private fund portfolios, including access to investment tokens in both primary and secondary markets. The firms remain subject to securities regulations, and the amended requirements were issued via a notification published in the Government Gazette following a public hearing completed in the fourth quarter of 2024, where most respondents supported the amendments.
Thailand Securities & Exchange Commission 2025-03-17
Thailand Securities & Exchange Commission exempts mutual and private fund managers at securities firms and asset managers from digital asset fund manager licensing effective 16 March 2025
The Thailand Securities & Exchange Commission will exempt securities and asset management companies from needing a digital asset fund manager license for managing digital asset investments within mutual and private funds, effective 16 March 2025. This aims to enhance flexibility and diversification in fund portfolios, allowing access to investment tokens in primary and secondary markets. Firms must still comply with securities regulations, and the amendments were widely supported in a public hearing.