Consultation Paper on Proposed Amendments to the Code on Collective Investment Schemes
Proposed amendments to the Code on Collective Investment Schemes to:
(a) provide specific rules for funds that invest solely in precious metals funds (i.e. gold, silver and platinum); and
(b) enhance and refine the regulatory framework to:
(i) enhance transparency and market discipline;
(ii) improve operational effectiveness; and
(iii) provide greater clarity to market practitioners.
Sets out the best practices that managers, approved trustees, VCC directors and VCC custodians of collective investment schemes offered to retail public are expected to observe on management, operation and marketing of the schemes.