Stock Exchange Of Thailand Board Adjusts Listing Regulations Of Investment Units

The President of the Stock Exchange of Thailand (SET), Mr. Kittiratt Na-Ranong, in announcing today's (27 February 2002) SET Board resolutions for the month of February 2002, announced that the Board has passed resolutions on the listing rules for Investment Units. This is to support the listing of mutual funds having investments abroad and various types of mutual funds on the Exchange.

The minimum number of unit holders required on the date of filing the application will be reduced from 250 to 50. Moreover, the admission fee for the incremental listing of investment units will be waived, providing that the management company files their listing application with the SET for the incremental investment units arising from capital increases within seven days of gaining SEC approval.

"Adjustments to the listing regulations of these investment units will help support and facilitate mutual funds in readiness of managing and investing overseas (known as Foreign Investment Funds: FIF) plus various other mutual funds that are qualified to list on the Exchange by the SEC, as well as helping provide investors with a wider range of investment vehicles." the SET President stated.

The SET will present these adjustments to SEC for approval first before they come into effect.