MAS looks to make access to new retail fund products easier

MAS published a consultation paper on proposed changes to the Code on Collective Investment Schemes, or CIS Code

The Monetary Authority of Singapore (MAS) wants to make it easier for new retail fund products to reach investors while keeping safeguards in place.

MAS published a consultation paper on proposed changes to the Code on Collective Investment Schemes, or CIS Code.

The changes would give fund managers more room to launch products that do not fit neatly within current investment guidelines.

MAS noted that investor needs in Singapore are changing, while the industry has shown interest in offering funds for a wider range of investment goals.

Under the proposal, MAS could adjust existing investment requirements and allow more types of funds under the CIS Code.

The regulator also plans to create a new Alternative Funds Appendix to distinguish these products from traditional funds.

The newer fund types would have to meet requirements based on their specific risks and provide clearer disclosures to help retail investors understand them.

Core safeguards would still apply, including rules on asset safeguarding and liquidity standards.

Fund managers and distributors would also need to ensure that products are designed and sold fairly to retail investors.

For most new fund types, MAS aims to take about three months to determine the necessary guardrails.

Once these are in place, similar funds could be authorised within three weeks if they meet the same requirements.

The proposal is part of wider efforts by MAS and the Singapore Exchange to support a more varied financial products market in Singapore while maintaining investor protection.

It follows changes announced in May 2026 to streamline the Complex Products framework and improve Product Highlights Sheets.