Funds Passporting in Asia has Arrived!

September 29, 2014

The ASEAN Framework for Cross-Border Offering of CIS (Collective Investment Scheme) finally went “live” on 25 August 2014, amid much anticipation, with three initial member jurisdictions – Singapore, Thailand and Malaysia – and with the rest of Asia watching closely. The ASEAN CIS Framework is part of a larger effort to establish the ASEAN Economic Community by 2015, with the goal of capital markets integration within ASEAN. Under the Framework, a locally domiciled CIS that satisfies certain eligibility requirements may apply to be “passported” to another member jurisdiction for promotion to retail investors in that other jurisdiction, under a streamlined approval process.

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