19 July 2021
The Securities Commission Malaysia had, on 9 July 2021, amended the Guidelines on Sustainable and Responsible Investment (“SRI”) Funds (the “SRI Guidelines”).
A new chapter 5 has been inserted to the SRI Guidelines which sets out the:
(a) qualifying conditions in the Income Tax (Exemption) (No.5) Order 2018 [P.U (A) 356/2018] and Income Tax (Exemption) (No.5) Order 2021 [P.U (A) 209/2021], respectively, which must be complied with by a fund manager that manages an SRI fund.
(b) forms and documents which have to be submitted by the fund manager for the purpose of applying for certification of the income tax exemption. Appendix 2 to the SRI Guidelines sets out the prescribed form and written declaration which must be completed by an eligible fund manager.
For further information, please contact:
Dhinesh Bhaskaran, Managing Partner, Shearn Delamore & Co
dhinesh@shearndelamore.com
