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    <description>Proposed framework permits a single unified registration for fund managers to carry out retail and non retail fund activities, portfolio management and trust management, with differentiated eligibility and substance requirements, a light touch venture capital route, and operational measures including a green channel for accredited investor schemes, expanded ETF authorisation, special situation fund framework, ESG disclosures, family office facilitation, controlled Fund Lab experimentation, SPV co investment structures and conditional retail access to private markets.</description>
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