DRAFT AMENDMENT TO GPF APPROVED
The Cabinet yesterday approved the draft of the legal amendment to the Government Pension Fund Act which will pave the way for the Government Pension Fund (GPF) to set up a company to manage state agencies’ funds.
Nattaporn Jatusripitak, minister advisor to the Prime Minister’s Office, said that if the bill is approved, the GPF will establish a management company to handle the funds of state agencies.
The Council of the State said that the GPF’s planned establishment of the fund management company should set dividend payment as its main objective.
The Securities and Exchange Commission requires the planned fund management to be licensed and abide by the Securities and Exchange Act B.E. 2535 and a risk management plan is needed.
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