Regulatory Alerts2022-08-29
Frequently Asked Questions on ETF and CIS Prospectus Guidelines
The Securities Commission (SC) issued this guidance to clarify the immediate effective date of the revised ETF and CIS Prospectus Guidelines and outline specific compliance obligations for fund managers. Management companies must update risk management policy documentation for existing and new ETFs by 31 August 2023, with a 12-month transitional period granted for system changes, prospectus amendments, and portfolio rebalancing. All ETF annual reports for financial years ending on or after 30 November 2022 must fully comply with the new framework, while foreign ETF secondary listings require adherence to separate offering and marketing rules.
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