The release said the framework “enables fund managers operating in one jurisdiction to offer funds constituted and approved in that jurisdiction to retail investors in the other two jurisdictions under a streamlined authorisation process”.
This revised framework seeks to promote more cross-border offerings of Asean funds, it said.
“Among the key enhancements to the framework is it enables a wider range of fund managers to participate in the framework by lowering qualifying criteria to US$350 million (nearly Bt11 billion) assets under management from the US$500 million,” the SEC said.