Clearing, Settlement & Custody
We deliver secure yet flexible services to efficiently manage all securities-related activities
Under the ASEAN (Association of Southeast Asian Nations) CIS framework, the units of a fund authorised in one CIS domicile (home jurisdiction) can be offered in other participating countries (host jurisdictions) upon approval by home and host regulators.
Under the ASEAN (Association of Southeast Asian Nations) CIS framework, the units of a fund authorised in one CIS domicile (home jurisdiction) can be offered in other participating countries (host jurisdictions) upon approval by home and host regulators.
The ASEAN CIS framework is an initiative from the ASEAN (Association of Southeast Asian Nations) economic community which aims to establish a single market and production base with a free flow of goods, services, investments, skilled labour and a free flow of capital.
Under the ASEAN CIS framework, the units of a fund authorised in one CIS domicile (home jurisdiction) can be offered in other participating countries (host jurisdictions) upon approval by home and host regulators.
The participating regulatory bodies of the ASEAN CIS framework are:
Guidelines for participation to the ASEAN CIS framework are detailed in two key documents:
Asset managers with authorised CIS funds in Singapore, Malaysia and Thailand who wish to raise assets from retail investors within the three participating markets.
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The ASEAN CIS framework aims to foster cross-border fund distribution and shorten time to market for funds. Local investors will benefit from a wider choice of funds as product expertise is exported to different markets.
This is an opportunity to consolidate management of funds and streamline operating models. In the future, the ASEAN CIS framework may merge with other Asian cross-border fund schemes, like the Asia Region Funds Passport.
The ASEAN CIS scheme complements the UCITS scheme, allowing asset managers to access traditionally closed fund markets such as Malaysia and Thailand. However, it is imperative that the participating regulators continue to harmonise regulations between the various jurisdictions to reduce the barriers to entry to the ASEAN CIS framework.
We provide end-to-end solutions (global custody, fund accounting, trustee services, transfer agency, middle office outsourcing, forex solutions and share class hedging) for all types of Singaporean funds eligible under the ASEAN CIS framework.
We support cross-border distribution in Malaysia and Thailand as well as in Singapore, through our transfer agency’s connectivity with local distributors. Our expertise in cross-border distribution extends to Europe, where we have a proven track record.
We have developed innovative solutions to service RQFII funds and Sharia-compliant funds that we have identified as potentially benefiting from strong cross-border inflows as part of the ASEAN CIS framework
2008 – Implementation plan developed to facilitate cross-border offers of CIS
2013 – Founding countries signed a memorandum of understanding to establish a cross-border offerings framework for ASEAN CIS
August 2014 – ASEAN CIS framework officially launched
February 2018 – Asean CIS Framework revised including relaxed qualification for fund managers
We deliver secure yet flexible services to efficiently manage all securities-related activities
We deliver secure yet flexible services to efficiently manage international fund distribution.
Our flexible outsourcing solutions let our clients channel their multi-market trade processing through a single global provider
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