SEC public hearing on amendments to the regulations for the sale and redemption of Tokenized Funds

Bangkok,27 January 2026 - The SEC is seeking public comments on the proposed principles for amending the regulations governing the sale and redemption of mutual fund units issued in tokenized form (Tokenized Funds) to enable faster transaction processing and to enhance the clarity and appropriateness of the related regulations.<_o3a_p>

In light of the rapid advancement of financial technology and its increasing potential for application in capital market products and transactions, interest from the business sector in establishing Tokenized Funds has continued to grow. These funds utilize blockchain or other equivalent technologies in the management of investment units, thereby enhancing operational efficiency, facilitating greater convenience, strengthening security, and reducing processing timelines.

Aligned with the SEC's Strategic Plan-which aims to promote the adoption of technology in the capital market and support the development of the digital economy-the SEC has reviewed the relevant regulations governing the sale and redemption of mutual fund units to ensure their suitability within this evolving context. The review also aims to enhance clarity and promote consistent practices among asset management companies, strengthen investor protection measures, and reinforce overall capital market stability.

The proposed principles for amendments cover the following areas:<_o3a_p>

(1) introducing a definition for a "Tokenized Fund"; <_o3a_p>

(2) establishing standards requiring Tokenized Funds to comply with securities or electronic transferable records issuance standards, or as prescribed by the SEC; and<_o3a_p>

(3) providing exemptions from the prescribed timeframe for increasing or canceling the number of investment units upon the sale or redemption of Tokenized Fund units

Accordingly, the SEC is inviting public comments on the above principles. The consultation paper is available on the SEC website at https://www.sec.or.th/EN/Pages/PB_Detail.aspx?SECID=1141 and on the Legal Hub at https://law.go.th/listeningDetail?survey_id=NjQ4MERHQV9MQVdfRlJPTlRFTkQ=. Stakeholders and interested parties are welcome to submit comments and suggestions via the SEC website or by email at [email protected] or [email protected]. The public hearing ends on 11 February 2026.<_o3a_p>

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