Regulatory Alerts2022-05-19
Added
CMI 13/2021 Reporting of Significant Redemption, Gating and Suspension of Funds
The Monetary Authority of Singapore mandates fund management companies to report aggregate net redemptions exceeding 10% of assets under management over a calendar week for authorized collective investment schemes. This requirement is extended to restricted and exempt collective investment schemes with tailored thresholds based on their specific dealing frequencies. Additionally, the regulator introduces a standardized Fund Gating and Suspension Report to replace verbal or email notifications for all managed funds, with these new reporting obligations taking effect on 14 June 2021.
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