Fund managers are still waiting for the launch of the first ARFP fund.
The fund passport scheme is also expected to include South Korea as a participating member by April.
New Zealand has signaled formal readiness for the fund passporting scheme, leaving only one holdout from the country membership proposed back in 2013.
But only three out of the five member countries are ready to accept applications.
After nearly six years of planning, the Asia Regional Fund Passporting (ARFP) scheme is expected to launch next month, but the excitement over it has waned.
The Asia Regional Funds Passporting (ARFP) scheme has set February next year as the expected start date.
Managers based in the region aim to expand their product range to include more complex asset classes over the next five years, according to a State Street survey.
After years of talking, the Asia Regional Funds Passporting (ARFP) scheme has set August as the expected start date.
Fund managers joining the Asia Regional Funds Passporting (ARFP) scheme are likely to find the best opportunities in Japan, according to Andrew Gordon, Hong Kong-based managing director for Asia at RBC Investor and Treasury Services.
Japan and Australia have announced regulatory initiatives aimed to bring them closer to full implementation of the Asia Region Funds Passport (ARFP) scheme in 2018.