Thai SEC Proposes Consolidated Annual Reporting for Asset Management Firms

The Securities and Exchange Commission (SEC) of Thailand has announced a proposal to streamline annual reporting requirements for asset management companies. According to a report by Prachachat Business, the regulator is currently soliciting public feedback on a plan to consolidate business operations, financial performance, risk management, and corporate governance data into a single, unified annual document. The primary objective of this initiative is to enhance transparency within the financial sector, allowing investors to more easily compare different funds and services before making investment decisions. If implemented, the new reporting standards are scheduled to begin with the 2028 fiscal year, with the first consolidated reports expected to be published in 2029. For residents and expatriates managing investments in Thailand, this change aims to simplify the due diligence process by providing a standardized format for evaluating asset managers. While the proposal is currently in the public consultation phase, stakeholders are encouraged to review the details and provide input to the SEC. It remains to be confirmed how the final regulatory framework will be structured following the conclusion of the feedback period and whether additional disclosure requirements will be introduced for specific types of investment products.