Aberdeen flags automation as passporting issue

There is much to resolve before the Asia Region Fund Passport (ARFP) becomes a reality, not least an arrangement over tax harmonisation, says Gil Orski, Australia chief operating officer at Aberdeen Asset Management. But another significant issue is that of funds automation, he notes: if Australia is to benefit fully from a passporting scheme, other signatory countries must have a similar level of funds automation. Australia is very well prepared on this front, says Orski, thoug…