ASEAN Collective Investment Scheme Framework launched

asean

Singapore-based fund managers can now offer their retail funds directly to investors in Malaysia and Thailand under a streamlined process. This follows the launch of the ASEAN Collective Investment Scheme (CIS) Framework by the Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia, and the Securities and Exchange Commission of Thailand on Monday (August 25).

The ASEAN CIS framework facilitates the offering of a wide range of innovative cross-border funds to retail investors in the three countries. Market watchers say such moves can also help mutual fund houses to enhance their business growth.

Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets) at MAS, said: “Retail investors in ASEAN will benefit from an increase in the choice of funds for investment with the launch of the ASEAN CIS Framework. Fund managers in an ASEAN country will have a direct and efficient route to offer their funds to retail investors in other ASEAN countries.”

Fund managers using this framework will have to abide by a set of common standards designed to ensure that participating fund managers have the necessary experience and track record.

MAS, SC Malaysia and SEC Thailand have also jointly published a handbook to provide guidance to fund managers on the operational aspects of the ASEAN CIS Framework.

The ASEAN CIS Framework is one of the initiatives undertaken by the ASEAN Capital Market Forum as part of the regional capital market integration plan endorsed by the ASEAN Finance Ministers in 2009.

 

 

Source : Channel News Asia | August 25 2014

Thomas D’Innocenzi

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About thomasdinnocenzi

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. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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