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.
Notices
Last Revised Date: 16 March 2020
Notice SFA 04/13-N01 Cancellation Period for Units in Authorised Collective Investment Schemes
Sets out the obligations of managers of authorised Collective Investment Schemes (CIS) and other relevant persons in relation to a cancellation of the purchase of units in an authorised CIS by an investor.
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Notice SFA 04/13-N01 Cancellation Period for Units in Authorised Collective Investment Schemes
(159.5 KB)
This notice applies to authorised CIS managers and other relevant persons specified in paragraph 5 of the notice, who shall provide to investors with a right to cancel an agreement to purchase units in an authorised CIS within 7 calendar days.
16 Mar 2020
SFA 04/13-N01 (Amendment) 2020 (174.1 KB) takes effect.
08 Oct 2018 SFA 04/13-N01 (Amendment) 2018 takes effect.
20 Mar 2003 SFA 04/13-N01 (Amendment) 2003 takes effect.
Information for issuers and their professional advisers on offers of collective investment schemes in Singapore.
Sets out the requirements for an offer of units in a collective investment scheme, including amongst others, covenants to be included in the trust deed, the prescribed contents in a prospectus, advertising requirements, and restricted schemes.