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Important Measures

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Issuance of the interpretive order pursuant to Paragraph 1 of Article 10 and Subparagraph 9 of Article 23 of the Regulations Governing Securities Investment Trust Funds

The FSC issued the aforementioned order on January 25, 2019 to lift the investment limit of ”ETF feeder funds” to allow a master fund to include smaller ETF in the investment scope for meeting market needs. Specifically, the investment of an ETF feeder fund in its master ETF fund may exceed 10% of the net asset value of the master fund, and the ETF manager is allowed to manage the ETF feeder fund concurrently.
Visitor: 452   Update: 2019-03-06