SEC amends regulations to accommodate Tokenized Funds to promote innovation in the investment sector

Bangkok, 2 April 2026 - The Securities and Exchange Commission (SEC) has amended the regulations to accommodate the sale and redemption of mutual fund units issued in tokenized form (Tokenized Funds) to enable faster transaction processing, as well as other related regulations to enhance clarity and appropriateness. The amended regulations will take effect on 1 April 2026. <_o3a_p>

The SEC has considered revising the regulatory framework for mutual funds to facilitate faster sale and redemption of Tokenized Fund units, as well as amending other related regulations to accommodate advancements in financial technology. Coupled with growing interest from the business sector in establishing mutual funds that leverage blockchain technology as an alternative investment option and to enhance service efficiency and convenience while fostering innovation in the investment sector, the SEC therefore conducted a public hearing on the proposed principles with relevant stakeholders during the period from 27 January 2026 to 11 February 2026. Most respondents expressed their support for the proposed principles.

Accordingly, the SEC has amended the regulations governing the sale and redemption of Tokenized Fund units*, with the aim of providing clear and appropriate operational guidance for mutual funds issuing units in such form. The amended regulations have been published in the Government Gazette and will take effect from 1 April 2026 onward.<_o3a_p>

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Notes:
* Two relevant notifications are: <_o3a_p>

1. Notification of the Office of the Securities and Exchange Commission No. SorNor.4/2569 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, and Mutual Funds for Institutional Investors (No. 14), dated 24 March 2026 (https://publish.sec.or.th/nrs/11131s.pdf), together with Appendix 9: Additional Rules for Certain Types of Mutual Funds (https://publish.sec.or.th/nrs/11130s.pdf)<_o3a_p>

2. Notification of the Office of the Securities and Exchange Commission No. SorNor. 5/2569 Re: Details of the Mutual Fund Management Scheme (No. 11), dated 24 March 2026 (https://publish.sec.or.th/nrs/11132s.pdf)<_o3a_p>