pc
nid 93925
Jul 10, 2026
pthandapani@vixio.com
Singapore
Monetary Authority of Singapore
horizon scanning
97% of draft length
draft in Generated
Generated
1782 charsSingapore's Monetary Authority Proposes Amendments to Collective Investment Schemes Code
On July 9, 2026, the Monetary Authority of Singapore (MAS) launched a consultation on proposed amendments to the Code on Collective Investment Schemes (CIS Code). The consultation seeks views on streamlining the authorisation process for new retail fund product types while maintaining investor protections.
The proposed amendments aim to facilitate retail fund product innovation by enabling a wider range of new fund products to be authorised for retail offer through a more streamlined process. MAS intends to balance innovation with appropriate safeguards for retail investors. The amendments would allow fund managers greater flexibility in developing and launching new investment products that meet evolving market demands and investor needs. By reducing regulatory barriers while preserving investor protections, the changes seek to enhance Singapore's competitiveness in the asset management sector and support the development of diverse fund offerings. The consultation covers the proposed framework and requirements for authorising these new fund product types, including any conditions or restrictions that may apply. The amendments are significant for fund managers, asset management firms, and retail investors who may benefit from expanded product options and investment opportunities.
Stakeholders, including fund managers, asset management companies, industry associations, and other interested parties, are invited to submit their views on the proposed amendments. The consultation closes at 12:00 AM on August 10, 2026. Responses can be submitted via the consultation portal on the MAS website. MAS will review all feedback received and publish a response to consultation feedback, expected in the coming months, before finalising any amendments to the CIS Code.
Agent draft
Not run yet.
Published
1732 charsMonetary Authority of Singapore Proposes Amendments to Collective Investment Schemes Code
The Monetary Authority of Singapore (MAS) has issued a consultation paper on its proposed amendments to the code on collective investment schemes to facilitate retail fund product innovation.
The consultation paper contains:
Regulations prescribing the introduction of an alternative funds appendix to the code on collective investment schemes (CIS code), which would allow new fund types to deviate from existing investment requirements while being subject to alternative safeguards.
Specific rules mandating that funds authorised under this new appendix must carry a clear and prominent statement in their prospectuses, product highlights sheets, and marketing materials to ensure investors can distinguish them from traditional funds.
Provisions outlining product-level safeguards for futures-based single-commodity funds, requiring them to track a well-recognised futures price index, maintain at least 90 percent of their net asset value (NAV) in permitted commodities (gold, silver, platinum, crude oil, and iron ore), and limit global derivative exposure to 100 percent of the NAV.
Administrative measures detailing updates for single-country government bond funds, proposing the removal of previous credit rating requirements provided the public debt instruments are part of a well-recognised international index and the fund invests in at least six different issuances, with no single issuance exceeding 30 percent of the NAV.
Directives establishing that the MAS will also recognise foreign funds that are comparable to the new fund products authorised under the alternative funds appendix to facilitate the cross-listing of a wider range of funds.
Feedback may be submitted via this FormSG link by August 10, 2026.