Home | SEC role | Sitemap | Contact Us
Service provider
           
            Many services provided to provident funds are investment management, safekeeping of fund assets, verification of net asset value, auditing the accuracy of financial statements, as well as services on fund administration. These service providers are under the supervision of The Securities and Exchange Commission (SEC).

  • Management Company
             A management company is the company that is responsible for investment of fund assets. The management companies will also assist the funds in communication with the SEC about fund registration and amendment of fund articles, etc. The management companies that can manage provident funds must hold the private fund management license.


            List of management companies (for provident funds)

  • Custodian
             A custodian is the company that is responsible for safekeeping of fund assets. The custodian will also follow up any benefits deriving from the investment of the fund, such as dividend and voting right receiving from investment. The Custodian must be approved by the SEC


             List of custodians

  • NAV Verifier
            A NAV verifier is the company that is responsible for verification of net asset value calculated by management companies as to correctness and in compliance with the rule. Since NAV is crucial in calculating provident fund units for fund members, and benefits paid to members due to membership termination, NAV Verifier must be approved by the SEC.

            List of NAV verifiers

  • Auditor
            An auditor is the person who is responsible for auditing financial statements of the funds. Provident funds of less than or equal to 100 members, or provident funds with asset value less than Baht 100 million are required a Certified Public Accountant (CPA) to audit its account. Other cases are required to have an auditor who got approval from the SEC.

           List of auditors
  • Fund Administrator
            A fund administrator is the company that is responsible for collecting contributions paid into funds and paying benefits to members due to membership terminator. The fund administrator will also prepare an individual statement for each member every 6 months, indicating member's accrued benefit. 

           

last updated date 25/02/2559

Copyright @ 2008 Securities and Exchange Commission. All rights reserved. Best view on Internet Explorer 5.0+ and desktop resolution 1152x864
Disclaimer : This website is set up with the purpose of providing news and information to general public and shall not constitute advice made by the Securities and Exchange Commission. The risk of use of information is assumed by the user. As information contained in this website may from time to time be changed, we nevertheless intend to make it at all time correct and up-to-date. In case you find any incorrect information in this website, please inform us at thaipvd@sec.or.th