News Update

ANNOUNCEMENT – AMENDMENT PLAN TO COLLECTIVE INVESTMENT CONTRACT (“CIC”) AND/OR PROSPECTUS OF MUTUAL FUNDS MANAGED BY PT ABERDEEN STANDARD INVESTMENTS INDONESIA

10 Feb 2020

PT Aberdeen Standard Investments Indonesia ("PT ASII"), domiciled in Jakarta, as the Investment Manager of the Aberdeen Standard Indonesia Money Market Fund, hereby announces plans to amend the CIC and Prospectus of the Aberdeen Standard Indonesia Money Market Fund Mutual Fund in connection with additional T+0 redemption payment facilities, of which the details can be seen on the attached column below.

On this occasion we also intend to submit a notice of amendment plan to the Prospectus of Mutual Funds managed by PT ASII to adjust to the regulations of the Financial Services Authority ("POJK"), including as follows:

  1. POJK Number: 33/POJK.04/2019 dated 13 December 2019 concerning Issuance and Requirements of Sharia Mutual Funds is applied to Aberdeen Standard Syariah Asia Pacific Equity USD Fund Sharia Mutual Fund;
  2. POJK Number: 23/POJK.01/2019 dated 18 September 2019 concerning Amendment to Financial Services Authority Regulation Number: 12 / POJK.01 / 2017 concerning the Implementation of Anti-Money Laundering and Prevention of Terrorism Funding Programs in the Financial Services Sector is applied to all the Prospectus of Mutual Funds managed by PT ASII;
  3. POJK Number: 2/POJK.04/2020 dated 8 January 2020 concerning Amendment to Financial Services Authority Regulation Number: 23/POJK.04/2016 concerning Mutual Fund in the form of Collective Investment Contract related to adjustments to investment restriction provisions in all the Prospectus of Mutual Funds managed by PT ASII; and
  4. POJK Number: 23/POJK.04/2016 concerning Mutual Fund in the form of Collective Investment Contract related to changes in the composition of the Board of Commissioners; and changes in the composition of Investment Management Team set forth in all the Prospectus of Mutual Funds managed by PT ASII.

Thus this announcement was made to Unit Holders and other interested parties.

ABERDEEN STANDARD INDONESIA MONEY MARKET FUND MUTUAL FUND

ORIGINALLY

BECOME

Payment of proceeds from the redemption of Participation Units, after deduction of bank charges including book-entry/transfer fees and/or crediting mechanism for Unit Holder’s bank accounts in accordance to the laws and regulations, will be paid in Indonesian Rupiah into the account registered under the name of the Unit Holder. Payment of proceeds from the redemption of ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Participation Units shall be promptly transferred no later than 7 (seven) Bourse Days after ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Participation Unit Redemption Form is completed in accordance with the terms and conditions set forth in the Contract, Prospectus and Redemption Form of the ABERDEEN STANDARD INDONESIA MONEY MARKET FUND - is completed and has been well received (in complete application) by the Investment Manager or Mutual Fund Selling Agent appointed by the Investment Manager (if any).

  1. Payment of proceeds from the redemption of Participation Units, after deduction of bank charges including book-entry/transfer fees and/or crediting mechanism for Participating Unit Holder’s bank accounts in accordance to the laws and regulations, will be paid in Indonesian Rupiah into the account registered under the name of the Unit Holder. Payment of proceeds from the redemption of ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Participation Units shall be promptly transferred no later than 7 (seven) Bouse Days since the ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Redemption Form from the Unit Holder - which has been completed in accordance with the terms and conditions set forth in the Contract, Prospectus and Redemption Form of the ABERDEEN STANDARD INDONESIA MONEY MARKET FUND - is completed and has been well received (in complete application) by the Investment Manager or Mutual Fund Selling Agent appointed by the Investment Manager (if any).
  2. In the case of redemption of Participation Units applied directly to the Investment Manager or through a Mutual Fund Selling Agent appointed by the Investment Manager, and there are certain Investment Fund Selling Agents who intend to provide redemption payment facilities for the Participation Unit redemption payment on the same Bourse Day as receiving the Participation Unit Redemption Form (“T+0 Redemption Payment Facility”), the ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Participation Unit Redemption Form that has been completed and well received (in complete application) by the Mutual Fund Selling Agent by 10.00 WIB (Western Indonesian time) will be processed by the Custodian Bank based on the Net Asset Value per Participation Unit of ABERDEEN STANDARD INDONESIA MONEY MARKET FUND at the end of the same Bourse Day, and payment of proceeds for the Participation Units shall be promptly transferred on the same Bourse Day as the receipt of Participation Unit Redemption Form.
  3. The T + 0 Redemption Payment Facility mentioned above can only be processed for redemption applications of Participation Units of up to 95% (ninety five percent) of the total Net Asset Value per Unit Holder of ABERDEEN STANDARD INDONESIA MONEY MARKET FUND, which is processed based on order of redemption of the Participation Unit (first come first served) at the Investment Manager. In the event that the application for redemption of Participation Units with the T + 0 Redemption Payment Facility received by the Investment Manager or Mutual Fund Selling Agent appointed by the Investment Manager exceeds the maximum redemption limit of the Participation Unit mentioned above, the Participation Unit redemption payment for the remaining redemption applications of Participation Units will be processed according to the provisions in letter a above.

Other provisions in the ABERDEEN STANDARD INDONESIA MONEY MARKET FUND Collective Investment Contract and Prospectus related to the changes above, will be amended accordingly..