Regulations for Licenced Fund Management Companies (LFMCs)
Are the LFMC’s central dealers subject to the representative notification regime?
According to MAS (FAQs)
last revised on 12 October 2021
An individual who is engaged in central dealing for funds managed by related entities of the LFMC would have to be an appointed, provisional or temporary representative in respect of dealing in capital markets products under the representative notification framework, depending on the assets or markets covered by the individual.
An individual who is engaged only in dealing for funds managed by the LFMC would have to be appointed as a representative for the regulated activity of fund management under the representative notification framework.