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REGULATION UPDATE

June 2010 - Corporate & Commercial. Legal Developments by Drew & Napier LLC .

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MAS CONDUCTS COMPREHENSIVE REVIEW OF CODE ON COLLECTIVE INVESTMENT SCHEMES

The Monetary Authority of Singapore (the “MAS”) has released a consultation paper on proposed revisions to the Code on Collective Investment Schemes (the “Code”). This extensive review is aimed at updating the regulatory regime for collective investment schemes (“CIS”) in Singapore in response to product innovation and industry developments, as well as taking into account regulatory developments in major fund jurisdictions around the world.

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