Dear James,
In order to answer your questions, first let me explain briefly about our existing fund. Refer to tab "How to create Fund" in the file that I sent you ealier, in attribution 1, BCAP has only 3 type of funds currently which are 1. MF-retail, 2.PVD and 3.PF-non retail.
1) MF-retail: In this type of fund, we now have only 1 fund named "BCAP MSCI Thailand ETF fund". If you follow Attribution 1-4, this fund is mutual fund for retail investors (attribution 1), which is an equity fund (attribution 2), with mixed foreign risk (attribution 3) and is an ETF (attribution 4).
Therefore, in column D, BCAP MSCI Thailand ETF shall be applied to rules from row 2-24 (rules for MF - retail), row 70 (rules for equity fund), row 87 (rule for forien risk) and row 82 (rules for ETF).
2) Provident fund: We have 10 funds. Each fund has approx 1-4 sub-funds. In total, we have 22 sub-funds. Each sub fund also has to follow attribution 1-4. In general, each sub fund has to comply with PVD rules first (row 48-69) and then depending on attribution 2-4, each sub fund also has to comply with the category it belongs to.
For illustrative purpose, I send you the summary of rules that apply to our existing MF - retail fund and PVD funds. (please see attachment)
3) PF - non retail: We have approx 100 accounts. However, as mentioned ealier, this type of fund does not require any restriction according to the SEC (In attribution 1, if the fund is either PF - non retail or MF - non retail, the process end at attribution 1).
The attribution 1-4 is what we have to follow according to the SEC rules. By the way, we also have our own rules to be applied (Attribution 5 and so on) which we will send the info to you later.
Dear James,In order to answer your questions, first let me explain briefly about our existing fund. Refer to tab "How to create Fund" in the file that I sent you ealier, in attribution 1, BCAP has only 3 type of funds currently which are 1. MF-retail, 2.PVD and 3.PF-non retail. 1) MF-retail: In this type of fund, we now have only 1 fund named "BCAP MSCI Thailand ETF fund". If you follow Attribution 1-4, this fund is mutual fund for retail investors (attribution 1), which is an equity fund (attribution 2), with mixed foreign risk (attribution 3) and is an ETF (attribution 4). Therefore, in column D, BCAP MSCI Thailand ETF shall be applied to rules from row 2-24 (rules for MF - retail), row 70 (rules for equity fund), row 87 (rule for forien risk) and row 82 (rules for ETF). 2) Provident fund: We have 10 funds. Each fund has approx 1-4 sub-funds. In total, we have 22 sub-funds. Each sub fund also has to follow attribution 1-4. In general, each sub fund has to comply with PVD rules first (row 48-69) and then depending on attribution 2-4, each sub fund also has to comply with the category it belongs to.For illustrative purpose, I send you the summary of rules that apply to our existing MF - retail fund and PVD funds. (please see attachment) 3) PF - non retail: We have approx 100 accounts. However, as mentioned ealier, this type of fund does not require any restriction according to the SEC (In attribution 1, if the fund is either PF - non retail or MF - non retail, the process end at attribution 1).The attribution 1-4 is what we have to follow according to the SEC rules. By the way, we also have our own rules to be applied (Attribution 5 and so on) which we will send the info to you later.
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