Circulars Issued by the Securities and Futures Commission (“SFC”) Regarding Preparation for the full implementation of the Code on Unit Trusts and Mutual Funds (“UT Code”) and the Code on Investment-Linked Assurance Schemes (“ILAS Code”)

Enclosure 1: SFC circular - Preparation for the full implementation of the Code on Unit Trusts and Mutual Funds ("UT Code") commencing 25 June 2011