The Securities and Exchange Commission, Thailand, has issued guidance for Hong Kong Management Companies regarding cross-border offerings of ESG Funds under the HK-TH MRF framework. This aims to promote fair competition and sustainable development in both markets.
The Securities and Exchange Commission of Thailand (SEC) has recently released the Additional Guidance on Cross-border Offerings of ESG Funds under the Mutual Recognition of Funds between Hong Kong Special Administrative Region of the People’s Republic of China and Thailand Framework (HK-TH MRF). This guidance aims to assist Hong Kong Management Companies in conducting cross-border offerings of ESG Funds under the HK-TH MRF.
Currently, there is a growing interest in sustainable investing among global investors. Both the Securities and Exchange Commission (SEC) and the Securities and Futures Commission, Hong Kong (SFC), recognize the importance of promoting sustainable development in their respective capital markets.To support this initiative, the SEC has developed Additional Guidance for disclosing sustainability information for Hong Kong’s ESG Funds.
This guidance aims to facilitate the marketing of such funds in Thailand under the HK-TH MRF project. Under this project, asset management companies are required to disclose fund information based on the criteria of the destination country. The implementation of this Additional Guidance will ensure that Hong Kong’s ESG Funds can be offered smoothly in Thailand, aligning with the standards set by the SEC.
More information on the AdditionalGuidance on Cross-border Offerings of ESG Funds under the Mutual Recognition of Funds between Hong Kong and Thailand is available at HK-TH-MRF
(sec.or.th).
