Thai bourse aligns its fund disclosure requirements with those of SEC

ข่าวทั่วไป Thursday September 27, 2007 17:15 —PRESS RELEASE LOCAL

Bangkok--27 Sep--SET The Stock Exchange of Thailand (SET) will modify its disclosure requirements for mutual funds to correspond with the Securities and Exchange Commission (SEC)’s criteria, reducing the funds’ expenses while still ensuring adequate information disclosure to investors. Currently, the requirements for information disclosure by listed mutual funds are similar to those of listed companies. However the funds have to comply with the SEC’s rules, which, while aiming to achieve the same objective as SET’s regulations, do operate differently. “The modified requirements concern the disclosure of information on financial statements, connected transactions, and the acquisition and disposal of assets. These changes do not affect the quality of information, but will save costs, such as quarterly auditing expenses, and so will benefit unit holders and the funds themselves,” SET Executive Vice President and Board Secretary Mr. Suthichai Chitvanich said. SET will seek approval from the Securities and Exchange Commission before bringing the amendment into effect. For more information, please contact the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797

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