Singapore opens consultation on Asean funds passport
The Monetary Authority of Singapore has taken up the gauntlet and is seeking opinions about mutual recognition of funds among Asean countries.
Singapore has taken up the debate around the viability of an Asian fund passport. The Monetary Authority of Singapore is inviting comments on requirements and product restrictions for collective investment schemes to be mutually recognised (the MAS request can be found here).
A lawyer familiar with the proceedings says it is very early days, and that the consultation does not mean that Singapore is officially supporting an Asean funds passport. The Investment Management Associatio…
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