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Chap 12 - Coggle Diagram
Chap 12
Revised Code on CIS
Non-statutory in nature
Breaches
MAS may revoke or suspend
recognition of scheme
MAS may prohibit trustee from acting
as one for any new scheme
Key changes
Other safeguards to enhance
investor protection
New guidelines for
specialised fund categories
Strengthening Core Investment
Requirements for Schemes
Dealings and
Valuations
Valuation error
Manager should notify both
MAS and the
trustee
Borrowings
Can borrow up to 10% of NAV for
maximum 1 month
Hedge funds
Single hedge funds
Fund of Hedge fund
Minimum initial
subscription of
$20,000
Should invest in
at least
15
hedge funds
Should not have more than
8%
allocated to one hedge fund
Disclosure
FOHF quarterly report sent within 45 days of end of period
Spread of investments
Single entity (10%)
Group entity (20%)
Borrowing
Temporarily borrow up to 10% of NAV
Maximum borrowing period of 1 mth
Guarantor
Required by a capital guaranteed fund
Notification to participanta
Efficient portfolio management (EPM)
High net worth