Malaysia's SC addresses Asean passport concerns

Malaysia's securities regulator has sought to clarify what it sees as a wrongful perception that it is not moving as fast as its Singapore counterpart in pushing forward the Asean Collective Investment Scheme (CIS). The Monetary Authority of Singapore (MAS) has already approved three funds for passporting, namely the Singapore equity dividend fund of Nikko Asset Management and the Asian fixed income fund and Asian equity fund of Maybank Asset Management, as reported. But none of…