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Home  >>   Daily News  >>   Asean News  >> Capital Markets  >> SINGAPORE JOINS MALAYSIA AND THAILAND TO INTRODUCE THE ASEAN CIS FRAMEWORK
NEWS UPDATES Asean Affairs   2 October 2013  

SINGAPORE JOINS MALAYSIA AND THAILAND TO INTRODUCE THE ASEAN CIS FRAMEWORK

Singapore, 1 October 2013… The Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand signed an agreement today to facilitate the cross-border offering of collective investment schemes to retail investors in the three countries. The signatories expect to implement the framework in the first half of 2014.

2 With this ASEAN CIS Framework, Singapore-based fund managers will be able to offer their retail funds directly to investors in the other two countries under a streamlined process.

3 Fund managers using this framework will have to abide by a set of common standards designed to ensure that the retail funds are managed based on industry best practices. As these standards are broadly in line with Singapore’s domestic requirements governing funds offering, Singapore-based fund managers will be able to offer their existing suite of retail funds to investors in Malaysia and Thailand without having to make significant modifications to the funds.

4 To facilitate the cross-border offering of collective investment schemes to non-retail investors, the three countries have agreed to an arrangement to provide mutual assistance in supervising offerings of such non-retail funds.

5 Mr Ravi Menon, Managing Director, MAS, said, “This framework will move us a step closer to realising the vision of an integrated capital market in ASEAN. It will significantly expand the market for Singapore-based fund managers, and give investors in ASEAN access to the wide and innovative range of funds available in Singapore.”

More details on the ASEAN CIS Framework are available at http://www.theacmf.org/ACMF/upload/standards_of_qualifying_cis.pdf.



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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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