On 17 August 2021, PHI SEC issued update confirming that qualified investment firms from Philippines may now offer shares to Malaysia, Singapore, Thailand, vice versa.

• Follows issue of rules in memorandum circular which apply to investment companies incorporated in Philippines who intend to participate, as well as foreign CIS of member jurisdictions that will offer for sale units in the Philippines, or other qualifying CIS.
• Update sets out requirements for authorization as qualifying CIS and for recognition of foreign CIS, as well as reporting requirements for companies involved in framework.