Consultation Paper on Amendments to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005 and Proposed Regulatory Treatment of Closed-End Funds
Proposed regulatory treatment of closed-end funds and amendments to the collective investment scheme regulations to:
(a) enhance disclosure requirements in a prospectus and
(b) to require an information memorandum to be furnished to investors for offers of restricted schemes
Proposed amendments to enhance and harmonise MAS authorisation and supervisory powers across the SFA, FAA and TCA. MAS also sought comments on allowing the pledging of securities held in CDP direct accounts for collateralised trading.
Sets out the requirements for an offer of units in a collective investment scheme, including amongst others, covenants to be included in the trust deed, the prescribed contents in a prospectus, advertising requirements, and restricted schemes.