The Securities Commission Malaysia (SC) today announced new initiatives to enhance the competitiveness and efficiency of the Malaysian unit trust industry.
Amendments to the relevant guidelines reflecting these initiatives will take effect on 15 August 2016. Key changes include an expedited approval process for non-complex[1] retail unit trust funds to reduce time-to-market and removing the need for prospectuses to be renewed on an annual basis for greater operational efficiency.
As part of SC’s efforts to continuously improve approval and authorisation processes for greater market efficiency without compromising investor interest, the SC liberalised the authorisation regime for wholesale products, including wholesale funds, with the Lodge and Launch framework in 2015. Applying the same principle of regulatory proportionality, the SC will now introduce an expedited authorisation process for non-complex funds that will reduce time to market.
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Securities Commission Malaysia Introduces Initiatives To Enhance Competitiveness, Improve Efficiency Of Unit Trust Industry
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