Revised UT Code unifies disclosure standards of SFC-authorised products

24 January 2019 | 3 minutes read

Although asset management firms will have their hands full implementing the amendments made to the Securities and Futures Commission’s (SFC) Code of Unit Trusts and Mutual Funds (UT Code), the changes will result in more unified disclosure standards and improve transparency and comparability, according to industry professionals. Implemented on 1 January 2019, the SFC’s recently revised UT Code offers a 12-month transition…

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