Newsletter

Adjust the disclosure criteria! pooled fund provident fund policy

Thai Rath Edition

18 Sep 2021 5:04 a.m.

Reporters reported that The Office of the Securities and Exchange Commission (SEC) has revised the rules for disclosing a summary of key information (factsheet) of provident funds. Non-affiliated multi-employer fund type jointly established a pooled fund to provide relevant and interested parties with information for investment decisions

According to the Capital Market Supervisory Board (SEC) has resolved to approve the amendment of the announcement. To improve the rules for disclosing the factsheet of the pooled fund and later, the SEC opened up for comments and discussions with the Association of Investment Management Companies Provident Fund Association Thai Investors Association Thai Financial Planners Association

It is of the view that the pooled fund is a fund that the fund committee selects to invest. in funds that the management company has established and has established investment policies At present, factsheet data has not been released publicly, so the fund committee is limited in comparison. In order to select the best investment management company and investment policy for members, the SEC has revised the factsheet disclosure criteria of pooled funds, which has increased the disclosure requirement to the general public. and report to the SEC within 45 days at the end of June and December of every calendar year.

In addition, if there is a new provident fund Increasing investment policy in provident funds or any material changes Allow the management company to update the factsheet, including disseminating and submitting the information to the SEC without delay so that related parties can easily compare important information and make investment decisions. which will come into force on 16 Sept.

Read more…