Capital Markets Services: Licence application
How to apply for the CMS licence?
According to MAS (Pages)
last revised on 7 Oct 2021
If your company is applying for a CMS licence, your company should submit Form 1 under the Securities and Futures (Licensing and Conduct of Business) Regulations (SF(LCB)R). If your company already holds a CMS licence for certain regulated activities and wishes to add another activity to the CMS licence, you should submit Form 5 under the SF(LCB)R.
In addition, if you hire or appoint individuals to conduct a regulated activity under your licence, you have to appoint these individuals as an appointed or provisional representative for that regulated activity. You can refer to the page Appointing a Representative for CMS Licensees or Exempt Financial Institutions for more information.
"The procedure to apply for both CMS and FA licenses
- Complete all application forms and submit to MAS, along with supporting documents
- Payment of fee during application process
- Successful applicants will receive their CMS license or CMS Representative’s License and Annual License Fee Advice – the license is valid for 3 years."