Intrigue swirls as third fund passport plan unveiled
An Asean version featuring Malaysia, Singapore and Thailand has been put forward. That is the third Asian passport scheme in eight months as sources see regional rivalry intensify.
After years of debate, false starts and bureaucratic divisiveness, the third funds passport scheme in Asia Pacific was unveiled yesterday within the space of just eight months. When it rains, it pours.
Malaysia’s Securities Commission, the Monetary Authority of Singapore (MAS) and Thailand’s Securities and Exchange Commission have signed a memorandum of understanding with each other to establish a framework for cross-border distribution of collective investment schemes.
News of …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.