MAS Revises Code on Collective Investment Schemes

26 Apr 2011

The Monetary Authority of Singapore (“MAS”) has issued a revised Code on Collective Investment Schemes (“Code”). The revised Code strengthens the core investment requirements for collective investment schemes (“schemes”), introduces new guidelines for specialised fund categories such as index funds and money market funds, and puts in place other safeguards which enhance investor protection.

The revisions are intended to provide greater clarity and increase the flexibility for fund managers in managing their funds, while enhancing safeguards for retail investors. MAS indicates that it aims to ensure that the regulatory regime for funds keeps pace with product innovation and industry developments, as well as regulatory developments in major fund jurisdictions.

To read the update, please click here.