Method for refund when the offering and sale of offshore funds fails to be executed;
The parliamentary draft appears to ban EU investors from placing money with any offshore funds that do not meet European rules.
You have stated that "Investors in offshore funds want transparency."
Strategically located, Singapore has the reputation as an attractive financial centre and is an outstanding place for offshore funds.
Electronic banking is providing easier access to untaxed offshore funds.
Perhaps one-third of offshore funds in Switzerland are from places where the wealthy may not pay much tax anyway, including Russia and the Middle East.
Article 21 If a sub-distributor ceases to handle the business of offering and selling offshore funds, it shall immediately notify the master agent.
pension funds, investment trusts, unit trusts and offshore funds.
Because they also won't need the pre-investment regulatory approvals that are required for offshore funds, RMB funds may be more nimble.
In most parts of Asia this also is nil, and thus investment into offshore funds becomes very attractive.
