Regional funds passport program to be implemented

To be piloted by Australia, New Zealand, Singapore and South Korea.

The four nations during last week’s Asia Pacific Economic Cooperation in Bali, Indonesia agreed to start a landmark pilot program to pave the way for a “regional funds passport.” The aim of the program is to develop a passport to facilitate cross-border fund sales.

To be called the “Asia Region Funds Passport (ARFP),” the program will offer fund managers operating in a passport economy a direct, efficient route to distribute their funds in other passport economies.

Ministers of the four pioneer nations endorsed a framework document that sets out high-level principles, basic arrangements and a timeline that will guide the passport’s development.

Each country will conduct a joint public consultation in 2014 on the rules and arrangements needed to implement the scheme. They will then work together towards the passport's launch in 2016.

 

 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!