Thailand joins Asia Region Funds Passport
Thailand signed up to the cross-border scheme this week, AsianInvestor can reveal, but the head of the local securities watchdog says take-up may be slow, at least initially.
Thailand signed up to the Asian Region Funds Passport (ARFP) scheme this week, joining Australia, Japan, Korea and New Zealand as a signatory to the memorandum of cooperation (MoC), AsianInvestor can reveal.
The scheme, due to come into effect on Thursday (June 30), will facilitate the sale of cross-border funds between participating markets, as reported. The other four countries signed the MoC in April, but Thailand's participation was delayed by internal processes, but the Thai…
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