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MAS issues response to feedback received on the Consultation Paper on proposed amendments to the Code on Collective Investment Schemes
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All Singapore retail collective investment schemes ("CIS") are subject to the Code on Collective Investment Schemes (the "Code") issued by the Monetary Authority of Singapore ("MAS"). On 17 May 2010, the MAS proposed significant amendments to the Code, in a consultation paper titled "Amendments to the Code on Collective Investment Schemes" (the "Consultation Paper"). In June 2010, we circulated a briefing titled "MAS issues Consultation Paper on proposed amendments to Code on Collective Investment Schemes" which contained a summary of the key changes proposed in the Consultation Paper.
On 8 April 2011, the MAS issued its response to comments received on the Consultation Paper, titled "Response to Feedback Received on Proposed Amendments to the Code on Collective Investment Schemes " (the "MAS Response") together with the revised Code on Collective Investment Schemes (the "Revised Code"). We set out a summary of the main points of the MAS Response in the client briefing.
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