PwC Asset Management CEO Series 28 March 2014 | Page 33

Asset Management 2020 Distribution is redrawn: Asian fund passport regimes round-up Hong Kong – China Mutual Recognition Asian Regions Fund Passport Status: First phase completed but no specific timeline announced for final implementation Status: Statement on Intent signed for Asian Regions Passport regime by 2016 with specific roadmap and timeline Status: MoU for crossborder sales eligibility criteria signed and target implementation agreed for the first half of 2014 Countries in scope: Australia, South Korea, New Zealand and Singapore Countries in scope: Malaysia, Singapore and Thailand Countries in scope: China, Hong Kong PwC ASEAN initiative 33