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SEC public hearing on amendments to PF/DF marketing agent rules

Bangkok, February 12, 2016 – The SEC is seeking public comments on draft amendments to the principles and regulations on granting of approval for marketing agents of private funds (PF) and derivatives fund (DF) managers to enhance flexibility for business operation and adjust timeframes for approval procedures in accordance with the Licensing Facilitation Act of 2015.  
The draft amendments have taken into account the important role of PF and DF marketing agents in soliciting investors to use investment management services of such funds. They cover key areas such as (1) the criteria for granting a general approval for individuals who have been ready to perform the duties of PF/DF marketing agents, (2) the relaxation of work system requirements to focus only on those essential for duty performance of PF/DF marketing agents, and (3) the compulsory seeking of clients’ consent before disclosing their personal information.  

The consultation paper is available at www.sec.or.th. Stakeholders and interested parties are welcome to submit comments through the website or facsimile at 0-2263-6099 or email: preeporn@sec.or.th.   

The public hearing ends on March 2, 2016.