Singapore legislation
Regulation 10B
of Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005
Regulation 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.