MAS surprises fund mangers with broad new legislation

Reading between the lines of the bold new securities laws slated by the Monetary Authority of Singapore on Thursday, offshore funds may soon be offered to local retail punters directly.

Cherie Marriott

March 22, 2001

The proposed law will allow foreign fund houses to bypass the current feeder fund structure and sell their wares directly to investors, giving them access to Singapore’s solid savings base.

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Southeast Asia