TheEdge
KUALA LUMPUR: The Securities Commission (SC) is giving greater flexibility for licensed fund managers to provide innovative products, including those which incorporate alternative investment strategies.
The SC said yesterday the new “Guidelines on Wholesale Funds” were rationalised and streamlined to make it easier for fund managers to offer wholesale and retail products.
They would replace the “Guidelines on Restricted Investment Scheme” and the provisions on wholesale funds in the “Guidelines on Unit Trust Funds”.
It said the new guidelines were to enable fund managers to meet the more complex needs of sophisticated or professional investors, like high-net worth investors and institutional investors.
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