Initiatives | Collective Investment Schemes
Framework for Cross-Border Offering of ASEAN Collective Investment Schemes
October 12, 2021
The ASEAN Framework for Cross-Border Offering of Collective Investment Schemes (CIS) was operationalised in Malaysia, Singapore and Thailand in August 2014 following the signing of the MoU in October 2013. The framework allows fund managers operating in a member jurisdiction to offer CIS, such as unit trust funds, constituted and authorised in that jurisdiction, to retail investors in other member jurisdictions under a streamlined authorisation process. The signatories also signed a separate MoU to provide mutual assistance and exchange of information in relation to cross-border offering of ASEAN CIS to non-retail investors.