Regulators unveil Asean passport rules

The securities regulators of Singapore, Malaysia and Thailand released full details of the Asean CIS framework yesterday, thereby initiating launch of the first of Asia’s three fund passport schemes. In itself that represents real progress, given that the Asean scheme was the last of the three passport initiatives to be officially unveiled in October last year, as reported. At that point implementation had been mooted for the first half of this year. Speculation had been mountin…