Malaysia finalises AIFMD agreement
The Securities Commission will cooperate with the EU under the Alternative Investment Fund Managers Directive. But the number of Malaysian fund houses marketing to European investors may be limited.
Malaysia has joined the list of countries to have struck an agreement with the European Union related to the Alternative Investment Fund Managers Directive (AIFMD), which came into effect on July 22.
While Asian asset managers may be put off targeting European investors, due to AIFMD restrictions on non-EU-domiciled funds, the move should help facilitate such distribution for those that wish to sell products into Europe.
Under a series of memoranda of understanding (MoUs), Malay…
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