Regulatory Alerts2024-02-04
Guidelines for the Offering, Marketing and Distribution of Foreign Funds
The Securities Commission Malaysia issued revised guidelines establishing the regulatory framework for offering, marketing, and distributing foreign collective investment schemes in Malaysia. The document defines permitted foreign funds based on jurisdictional agreements and IOSCO membership, while mandating that operators appoint local representatives and registered distributors to ensure investor protection. It further details specific obligations regarding offering documents, Shariah compliance for Islamic funds, and distinct requirements for retail versus sophisticated investor offerings.
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