Mon, Jun 27, 2016
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider