Regulatory Alerts2018-06-13
Frequently Asked Questions on the ASEAN CIS Framework
The signatories to the ASEAN CIS Framework issued these FAQs to provide guidance on the administration and application of the Standards of Qualifying Collective Investment Schemes. The document clarifies operational requirements, including licensing, track records, and valuation rules, while mandating compliance with the stricter of the Standards or Home Regulator requirements. It further details product restrictions, such as prohibitions on securities lending and specific limits on investments in UCITS and financial derivatives.
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