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


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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