Regulations for Fund Management Companies

Does a fund management company need to add the activity of "dealing in capital markets products" to its CMS licence, if it uses forward contracts for FX hedging?

According to MAS (FAQs)

last revised on 12 October 2021

An FMC that deals in any capital markets products in a manner which is incidental to its conduct of fund management business is exempted from the need to add the activity of dealing in capital markets products to its CMS licence.