Singapore joins Malaysia and Thailand to introduce ASEAN CIS Framework


Singapore-based fund managers will soon be able to offer their retail funds directly to investors in Malaysia and Thailand under the ASEAN CIS Framework.

On Tuesday, the Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia and Securities and Exchange Commission of Thailand signed an agreement to facilitate the cross-border offering of collective investment schemes to retail investors in the three countries.

The framework is expected to be implemented in the first half of 2014.

MAS said fund managers using this framework will have to adhere to a set of common standards 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.

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.

Ravi Menon, managing director of 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.”




Source : Channel News Asia | October 1, 2013


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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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