The Association of Southeast Asian Nations (ASEAN) Collective Investment Schemes Framework (the Framework) was first established on Oct. 1, 2013, under the auspices of the ASEAN Capital Markets Forum (ACMF). The Framework facilitates cross-border offers of collective investment schemes (CIS) to retail investors in Singapore, Malaysia and Thailand (each a signatory jurisdiction). The Framework allows managers based in these countries to directly offer CIS constituted and authorized in their home jurisdiction to retail investors in the other two signatory jurisdictions under a streamlined authorization process, provided that the CIS satisfies a set of common standards specified in the Standards of Qualifying CIS.
On Feb. 26, 2018, the ACMF issued a media release announcing that the Monetary Authority of Singapore, the Securities Commission Malaysia and the Securities and Exchange Commission of Thailand have signed a memorandum of understanding to enhance the Framework by revising the Standards of Qualifying CIS and having the signatory jurisdictions commit to a standardized time-to-market timeline.
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