KUALA LUMPUR: The Securities Commission Malaysia (SC) has introduced the Foreign Exempt Scheme (FES) framework, in line with measures to liberalise the fund management industry.

In a statement, the SC said the FES will provide high net worth entities and institutional investors greater onshore access to foreign investment funds.

Additionally, the SC also introduced flexibility to wholesale fund managers seeking to invest in alternative investment products beyond the current conventional assets such as securities, derivatives, money market instruments and deposits.

“These measures demonstrate the SC’s continuous commitment to enhance the depth and breadth of the capital market.

“The SC’s effort also aims to ensure an effective regulatory regime that facilitates product innovation while fostering an inclusive investment environment for investors with various risk appetites and needs.”

SC chairman Datuk Seri Dr. Awang Adek Hussin said providing access to a wider range of investment options, high net worth entities and institutional investors will have more opportunities to diversify investors portfolios.

“The FES framework opens up new avenues for high-net-worth entities and institutional investors to access funds offered by foreign players that are a related corporation to a SC-licensed fund management company,” he said.