Regulatory Alerts2020-03-16
Added
Notice SFA 04/13-N01 Cancellation Period for Units in Authorised Collective Investment Schemes
The Monetary Authority of Singapore issued Notice SFA 04/13-N01 to establish the obligations of authorised Collective Investment Scheme managers regarding investor cancellation rights. The notice mandates that these managers provide investors with a 7-calendar-day window to cancel an agreement to purchase units in an authorised scheme. This regulatory framework ensures that relevant persons adhere to specific disclosure and procedural requirements to protect investor interests during the cancellation period.
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