Regulatory Alerts2021-12-21
Summary of Amendments to Guidelines on Compliance Function for Fund Management Companies
The regulatory authority issued revised guidelines on 21 December 2021 to update the compliance function requirements for fund management companies. The amendments primarily streamline rules regarding rebates and soft commissions to align with the Guidelines on Unit Trust Funds. Additionally, the document incorporates renumbering and rearrangement of existing requirements to improve structural clarity.
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