CFD 01/2023 - Modification to the Acceptable Index Requirements and the Benchmark Limits under the Code on Collective Investment Schemes
This circular modifies the threshold for a sufficiently diversified index under Appendix 5 of the Code on Collective Investment Schemes and the investment limits for an Index Fund.
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.