Asia fund managers step closer to offering cross-border funds
6 nations are part of the Asia Region Funds Passport
[SINGAPORE] Asian fund managers are a step nearer to being able to offer cross-border funds.
Singapore, Australia, South Korea, New Zealand, the Philippines and Thailand yesterday released a joint consultation paper on the proposed rules and arrangements that will govern the operation of the Asia Region Funds Passport (ARFP).
When implemented, it will pave the way for fund managers operating in a member economy to offer their funds in other member economies under a streamlined authorisation process, said the Monetary Authority of Singapore (MAS) and the Ministry of Finance yesterday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million