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The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can search previous news by searching the archive.
Thailand: Securities Markets - New Reporting Requirements for Mutual Funds
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http://www.loc.gov/lawweb/servlet/lloc_news?disp3_806_text
(Nov. 26, 2008) It was reported on October 30, 2008, that mutual fund companies in Thailand, with the exception of property funds, must now disclose their portfolio holdings on a monthly basis, rather than every six months. More specifically, companies must make public, within 15 days after the end of the month, the portfolio's top five industries and top five stocks. The Thai Stock Exchange Commission stated that the new ruling is aimed at providing current updated information to those investors "who may be deciding to invest in mutual funds at a time of high volatility." (More Information from Mutual Funds, THE NATION, Oct. 30, 2008, available at http://www.nationmultimedia.com/2008/10/30/business/business_30087206.php; Mutual Funds, THAI LAW FORUM, Oct. 31, 2008, available at http://www.thailawforum.com/news/2008/news-Oct4-08.html.)
- Author: Wendy Zeldin
- Topic: Securities Markets More on this topic
- Jurisdiction: Thailand More about this jurisdiction
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Last updated: 11/26/2008