On October 31, 2023, the Monetary Authority of Singapore (MAS) issued a circular to inform
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On October 31, 2023, the Monetary Authority of Singapore (MAS) issued a circular to inform that it is modifying the threshold for a sufficiently diversified index under Appendix 5 of the Code on Collective Investment Schemes. Specifically, in an effort to allow fund managers to choose index benchmarks for their performance evaluations where the index may not be „highly diversified“ as defined under Appendix ...