Regulatory Alerts2023-10-09
Added
CFC 03/2022 Guidance on Requirements for ETFs Participating in SZSE-SGX and SSE-SGX ETF Links
The Monetary Authority of Singapore issued this circular to outline regulatory requirements for Singapore-constituted feeder ETFs participating in the SZSE-SGX and SSE-SGX ETF Links. It mandates that feeder ETFs comply with the Securities and Futures Act and the Code on Collective Investment Schemes, while master ETFs listed on Chinese exchanges must satisfy specific eligibility criteria regarding registration, listing duration, fund size, and management track record. The guidance further stipulates that master ETFs must employ physical replication strategies and adhere to strict limits on securities lending and repurchase transactions to ensure efficient portfolio management.
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