Sat, Nov 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

APEC releases Asia regions funds passport consultation paper

Friday, May 23, 2014

Bailey McCann, Opalesque New York:

The governments of Australia, New Zealand, Singapore, Korea, Philippines and Thailand have recently released a public consultation paper on a proposed regulatory arrangement for the cross-border offer of collective investment schemes (CIS) in participating APEC economies, known as the Asia Region Funds Passport (ARFP).

The passport program is a means for participating economies to build cross-border linkages within the Asian region. APEC notes in the paper that a number of similar efforts have gone before, but to limited success.

The passport will be an arrangement under which a CIS operator who operates an eligible CIS in a passport member economy will be able to offer interests in that CIS to investors in other passport member economies subject to the passport arrangements. The paper essentially contains the proposed passport arrangements among the participating countries and asks for public comment.

Attorneys for Herbert, Smith, and Freehills note that the overall passport process is slated to begin in 2016 (presumably under the framework outlined in this paper barring any massive changes during the public comment period). The framework as outlined would be somewhat similar to the European UCITS model.

"It is expected that by facilitating the cross-border distribution of fund produ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W