KUALA LUMPUR, Aug 29 — The Securities Commission Malaysia today announced a slew of liberalisation measures for the fund management industry, including the introduction of the Foreign Exempt Scheme framework.
The regulator also introduced flexibility to wholesale fund managers seeking to invest in alternative investment products beyond current conventional assets such as securities, derivatives, money market instruments and deposits. “The FES framework opens up new avenues for high-net-worth entities and institutional investors to access funds offered by foreign players related to a SC-licensed fund management company.
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