Clifford Chance

Local listing of foreign exchange traded funds (ETFs)

17 January 2011

In November 2010, the Thai Securities and Exchange Commission (SEC) approved in principle the listing of foreign exchange traded funds (Foreign ETFs) on the Stock Exchange of Thailand on the condition that they meet all requirements of the governing regulations, which were to be issued. The SEC has now issued notifications approving qualified Foreign ETFs to be directly sold to investors in Thailand without the need for further approval from, and filing with, the SEC, as well as deregulating related legal requirements on corporate governance and business takeover rules (Notifications). These new Notifications aim to facilitate the operation of Foreign ETFs, enhance the harmonisation of rules and provide a greater variety of investment products. The relevant Notifications became effective from 16 January 2011.

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