The Asia Region Funds Passport in Thailand: Rules & Registration ProceduresFinance Law Newsletter
This newsletter discusses the applicable rules and procedures concerning registering and offering in Thailand, as a Host economy, of a cross-border collective investment scheme (“CIS”) established in a foreign jurisdiction via the Asia Region Funds Passport (“ARFP”), a multilateral framework intended to promote the development of a funds management industry in Asia and other signatory economies, i.e. Australia and New Zealand, by way of market access improvements and regulatory harmonization. Thailand signed the ARFP Memorandum of Cooperation (“MOC”) in 2016 (along with Australia, Japan, New Zealand, and the Republic of Korea).
In order to sell a registered ARFP-CIS (“Passport Fund”) within other MOC signatory economies, it must comply with the ARFP criteria (“Passport Rules ”), which define, among other things...To read the full article, please see the PDF file