Custodians challenged by supervisory role in Thailand
Since Thailand's securities watchdog introduced a clampdown on sales promotions used by asset managers to boost fund sales, custodians have had a bigger role to play.
The recent move by the Thai securities regulator to clamp down on asset management firms’ spending on promotions to attract business reflects the evolution of the market towards a trustee framework. It has also placed additional supervisory obligations on custodians.
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