addressing potential damage from operational risks. For example, a lower ongoing capital requirement would be permissible specifically for intermediaries that only provide asset management services excluding
must not be utilized as if the business operators do not operate the business themselves.Moreover, outsourcing to non-licensees will be permissible as well. The business operators simply give the SEC
convenient access to paying agents have been allowed to reach out the investors. Furthermore, new types of mutual funds permissible to invest in a variety of assets have been introduced; for example, mutual
specific instruments are permissible such as debt instruments issued by foreign juristic persons or their subsidiaries, foreign currency denominated debt instruments issued by juristic persons established
conditions must be put in place. “This regulatory amendment will open up opportunities for interested entities to set up and manage a high yield bond more flexibly within a permissible scope. Once
conversion price. The said instruments will be permissible for investment of mutual funds, except money market funds, under certain investment limit. The relevant regulations are expected to become effective
) the establishment of PVDs with investment in single type of asset (pure asset) will be permissible, providing however that the asset management company must monitor investment ratio through each fund
further that the investment value of each project must not be less than 1 billion baht; (3) Investment in an incomplete project (Greenfield project) is permissible providing that the investment
PVD rules by increasing the permissible investment proportion for PVDs in property funds and infrastructure funds, combined with alternative assets such as commodity, from 15 percent to not more than
public or instruments in which a fund plans to invest without the need to apply for an investment advisory license. The services provided by the said foreign CRAs are, however, limited only to permissible