Important Measures
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
2019-03-06
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.
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- Update： 2019-03-06
