Business Ethics

Business Ethics

Business Code of Conduct

The Company has issued regulations, a Compliance Manual, and Code of  Conduct for Securities business, and regulations on employee’s securities trading in addition to the handbooks published by associations related with securities businesses, such as the Investment Management Code and the Code of Conduct for Fund Managers stipulated by the Association of Investment Management Companies, and the Code and Principles for Professional Analysts stipulated by the Securities Analysts Association. All of these are guidelines urging employees to conduct their duties with honestly and integrity to the Company and all stakeholders, as well as the public and society.nbsp;  The Company’s executives and concerned employees have signed in acknowledgement and agreed to comply with these guidelines. Regular communication between Company and the employees take place to monitor compliance, and disciplinary action was taken if violation on non-compliance of such guidelines were discovered. 

The Company has defined 10 standard guidelines for executives and employees to uphold at all times while performing duties. These are:

(1)  Integrity:   Employees shall perform their duties based upon honesty, morality, equitable treatment to all parties, legally and moral judgment. All employees shall do what is most important and most beneficial for the fund and its customers as well as the Company’s benefit.

(2)  Skill, Care and Diligence:  Employees will exercise careful judgment and reason in their duties to bring the most benefit to the fund, customers, and society. 

(3) Market Practice:  Employees shall conduct their duties according to acceptable standards, which includes following regulations, criteria or relevant standards.

(4)  Information about Customers:  Employees must have complete and adequate information about the customer in order to gain a clear understanding of the situation and objectives of the customer and provide appropriate advice about different types of service. Employees must also protect the customer’s confidential information.

(5)  Information for Customers:  The Company must have complete, accurate, timely and equal information before deciding to invest, offer advice, or act on the customer’s behalf. Furthermore, the Company must maintain data and relevant documents as evidence to support its transparency.

(6)  Conflicts of Interest: Any action by the Company avoids conflicts of interest, or acts which are likely to cause conflicts of interest. However, in the event that a conflict of interest cannot be avoided, the Company will strictly comply with the principle of disclosure.

(7)  Customer Assets: If the customer’s assets needs to be maintained, the Company will store the assets in a safe place with adequate internal control systems. The Company’s assets are separate from those of the Company and can be individually specified. The data recorder and keeper are separate entities and there are regular checkups for completeness and accuracy.   

(8)  Financial Resources :  As an asset management company, the Company must be responsible for maintaining the financial liquidity of the Funds under its management to be at an adequate level against  the probable risks that may occur as a result of investment, as well as  shall refrain from creating any encumbrances for the fund.

The Company’s capital management must maintain enough liquidity to cope with its business obligations, investment, and probable risk. The Company must provide a sufficient amount of capital and capable fund management.

(9)  Internal organization and control:  The Company must set up proper management and internal control of the organization, equipped with proper filing system of important documents, and clear designation of duties. Moreover, it must train its employees and oversee compliance with set rules and regulations.

(10) Relations with Regulators:  The Company shall cooperate with all regulators. If any disclosures or explanations are expected, the Company will report this information to regulators immediately.

This principle is applicable to each employee during the performance of their assigned responsibilities. Employees must follow all of the above principles as well as regulations set by regulating bodies, such as the Office of Securities Exchange Committee, Bank of Thailand, Securities Exchange of Thailand, Anti Money Laundering Office, and other related professional associations.

Moreover, the Company established a Code of Ethics for Compliance Officers as follows:

1)  They must be honest and trustworthy, free from individual bias, and working diligently, at their fullest capacity and with responsibility.

2)  They must be loyal to the Company and must not commit illegal or immoral acts.

3)  They must not engage in any actions that may be damaging to the Company’s reputation. 

4)  They must refrain from involvement in any activities that may lead to a conflict of interest with the fund, customers, or the company, which may lead to prejudice or inability to perform duties with independence and fairness.

5)  They must not accept valuables or any forms of benefit from colleagues, customers, business partners or contract parties, which might affect their judgment and decisions, or limit their freedom or fair judgment.

6)  They must keep confidential information related to the Fund, customers, and/or the Company that received from perform their deities   and must not seek benefit to themselves or others, or act in a way that against the interest of the fund, customers and/or the Company and the law.

7)  They must immediately report important information to their superiors, especially if failure to do so will affect the operations of the fund, customers or the Company, or is concealing illegal actions.

8)  Employees should always seek extra knowledge and improve their performance in order to gain expertise, efficiency, and quality.


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