Monetary Authority of Singapore Aims to Fast-Track Retail Fund Approvals

MT Newswires06-26 11:52

The Monetary Authority of Singapore (MAS) will seek consultation on creating a new pathway that brings non-traditional retail funds to market faster, according to a speech by Chairman Gan Kim Yong at an annual dinner on Thursday.

Under the proposed framework, MAS is looking to determine the necessary guardrails for new fund types within three months, offering a faster processing time.

Funds seeking to qualify for the accelerated pathway would require to have underlying assets based on publicly traded securities and financial derivatives.

The update is part of Singapore's prospects as a financial connector, which also includes the launch of the Future of Finance Institute for AI deployment in financial services and other initiatives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment