APAC economies take step forward on regional funds scheme

Friday 17 April 2014

From The Straits Times

Six economies in the Asia-Pacific region, including Australia and Singapore, have taken the next step towards setting up a scheme that will make it easier for fund management products to be offered between their countries.

Singapore, Australia, Korea, New Zealand, the Philippines and Thailand have released a consultation paper to seek views from the public on the details of the proposed Asia Region Funds Passport, the Monetary Authority of Singapore (MAS) a.d Finance Ministry said in a joint statement on Wednesday.

To read the full story on the Straits Times, visit http://www.straitstimes.com/news/business/economy/story/asia-pacific-economies-take-step-forward-regional-funds-scheme-20140416 (only the first four paragraphs available to those who are not ST subscribers).