{"id":58171,"date":"2023-08-30T15:52:11","date_gmt":"2023-08-30T07:52:11","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=58171"},"modified":"2023-08-30T16:10:34","modified_gmt":"2023-08-30T08:10:34","slug":"sc-fund-management-expanded-access","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sc-fund-management-expanded-access","title":{"rendered":"More Fund Management Choices And Expanded Access, SC Announces"},"content":{"rendered":"

Securities Commission Malaysia (SC) recently announced several liberalisation measures for the fund management industry and introduced the Foreign Exempt Scheme (FES) framework<\/a>.<\/p>\n

Through the framework, SC will be able to provide institutional investors greater onshore access to foreign investment funds and high-net-worth entities.<\/p>\n

SC also introduced increased flexibility to wholesale fund managers seeking to invest or explore alternative investment products and avenues. These measures go beyond the traditional assets such as securities, derivatives, money market instruments and deposits.<\/p>\n

The initiative is part of SC\u2019s continuous commitment to enhancing the depth and breadth of the capital market while ensuring an effective regulatory regime that fosters an inclusive investment environment and caters to various risk appetites and investment needs.<\/p>\n

Dato\u2019 Seri Dr Awang Adek Hussin, SC Chairman, highlighted that by giving access to a wider range of investment options, high-net-worth entities and institutional investors will have more opportunities to diversify their portfolios.<\/p>\n

\u201cThe FES framework opens up new avenues for high-net-worth entities and institutional investors to access funds offered by foreign players that are a related corporation to an SC-licensed fund management company,\u201d Dr Awang said in a statement.<\/p>\n

He added, \u201cAdditionally, these measures enable the fund managers to offer more products and investment choices to investors locally, aligning with the SC\u2019s efforts to promote innovation and accessibility.\u201d<\/p>\n

The revised guidelines go into effect on 29 August 2023 and will encompass the following measures:<\/span><\/p>\n

    \n
  1. Guidelines for the Offering, Marketing, and Distribution of Foreign Funds (OMD Guidelines)<\/li>\n
  2. Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (UCMP Guidelines)<\/li>\n<\/ol>\n

    Additionally, the revised OMD guidelines allow for the secondary listing of non-standard foreign exchange-traded funds (ETFs), promoting more investment opportunities in the Malaysian market and are subject to a maximum of five ETFs per foreign operator<\/p>\n

    The enhanced guidelines aim to provide clarity on expectations related to the roles and responsibilities of submitting parties for foreign funds, leading to a more streamlined process.<\/p>\n

    Want to diversify your portfolio with global assets? Understand the risks and benefits of investing in international assets<\/a> before you make any decisions.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Securities Commission Malaysia also introduced the Foreign Exempt Exchange Scheme framework.<\/p>\n","protected":false},"author":47,"featured_media":58173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[263,1,216],"tags":[1375,773,1377,1376,660,1372,1373,479,1374],"class_list":["post-58171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf","category-investment","category-news-updates","tag-capital","tag-etf","tag-foreign-funds","tag-foreign-investment","tag-investment","tag-sc","tag-sc-malaysia","tag-securities-commission","tag-securities-commission-malaysia"],"acf":[],"yoast_head":"\nSC Announces Expanded Access And Fund Management Choices<\/title>\n<meta name=\"description\" content=\"Giving investors greater onshore access to foreign investment accounts, SC announced a new fund management network and wider access.\" \/>\n<meta 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