Regulatory Alerts2023-09-06
Summary of Amendments to Revised Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
The Securities Commission Malaysia issued revised guidelines on 29 August 2023 to expand permissible investments for wholesale funds, including investments via Special Purpose Vehicles and under the new Foreign Exempt Scheme framework. The amendments introduce definitions for digital assets and currencies, establish specific requirements for fund management companies investing in these assets, and mandate the submission of risk management policies prior to fund lodgement. Additionally, the document inserts new provisions for offering document disclosures and formalizes the Foreign Exempt Scheme to enhance regulatory clarity and compliance.
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