10B. Criteria for recognition

For the purposes of section 287(2)(b) of the Act, the criteria prescribed by which the Authority may have regard to in determining whether to recognise a collective investment scheme is whether the following, collectively or individually, afford to investors in Singapore protection at least equivalent to that provided to them under comparable authorised schemes under Division 2 of Part 13 of the Act: (a)the investment policy of the scheme;

the provisions contained in the trust deed or the constituent documents of the scheme;

the roles, responsibilities and powers of the trustee or a person in an equivalent capacity, as set out in the trust deed or the constituent documents of the scheme;

the laws and practices of the jurisdiction under which the scheme is constituted.