ASIA REGULATORY ROUND UP – ASEAN CIS, ETC
August 1st, 2014
THE ASSOCIATION of Southeast Asian Nations - ASEAN Capital Markets Forum (ACMF) has announced that the ASEAN framework for cross-border offerings of collective investment schemes (CIS) is now operational in Malaysia, Singapore and Thailand. The regulatory system allows fund managers working from these member jurisdictions to offer locally constituted schemes, such as unit trust funds, to retail investors in other member jurisdictions, using a streamlined authorisation process. The goal is more profits for fund managers and increased choice for investors. This ...
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