Securities Commission Malaysia revises guidelines on sustainable and responsible investment funds
30 August 2021
On 9 July 2021, the Securities Commission Malaysia (“SC”) issued the revised “Guidelines on Sustainable and Responsible Investment Funds” (“Guidelines”) which set out additional requirements to be complied with by any new or existing funds seeking to qualify as a sustainable and responsible investment (“SRI”) fund.
The revised Guidelines provide, among other things:
- qualifying conditions and the forms and documents that must be submitted by fund managers who wish to apply for the SC’s certification in respect of the tax exemption for managing an SRI fund; and
- greater clarity to the requirements relating to a feeder fund seeking to qualify as an SRI fund.