Approved Exchange / Recognised Market Operator licence

According to MAS (Pages)

Who Can Apply
An AE or RMO licence is granted only to a corporation.

How to Apply
To apply for a licence, submit either Form 1A or Form 1B.

Paying the Application Fee
A non-refundable application fee of $4,000 is required. Please refer to payment instructions contained within the application form. 

Processing Time
It will take approximately 9 months to process and approve a RMO application where the applicant meets all relevant admission criteria, has a straightforward business model, and the submission is complete and clear. MAS will require a longer time for complex cases, or where the submission is assessed to be incomplete or inaccurate.

Ensure that your application is complete, accurate, and accompanied by the requisite supporting documents.