Showing 590 Documents for "CMS"
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- MAS
- FAQs
Last revised date:
- A capital markets services (CMS) licensee should ensure an orderly winding down of its business prior to cessation.
- Do we need to hold a CMS licence under the SFA?
- MAS
- Notices
Last revised date:
- Capital markets services (CMS) licensees. Banks, merchant banks, finance companies and insurers who have appointed representatives conducting regulated activities under the SFA.
- licence or exempt FI or any other holder of a CMS licence holder or exempt FI.
- MAS
- Guidelines
Last revised date:
- How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
- under the SFA and the minimum licensing admission criteria for persons applying for a Capital Markets Services [CMS] licence other than a CMS licence to carry out the regulated activity of fund management and real estate investment trust management.
- Persons applying for a CMS licence to carry out the regulated activity of real estate investment trust management should refer to the Notice to all holders of a Capital Markets Services Licence for Real Estate Investment Trust Management [SFA 04-N14] and Guidelines to all holders of a Capital Markets
- MAS
- Exemptions
Last revised date:
- Specifically, the following parts of the SFA: Part IV Holders of Capital Markets Services (CMS) Licence and Representatives Part IX Supervision and Investigation 2. Securities and Futures (Licensing and Conduct of Business) 3.
- Specifically, the following parts of the SFA: Part IV Holders of Capital Markets Services (CMS) Licence and Representatives Part V Books, Customer Assets and Audit 2. Securities and Futures (Licensing and Conduct of Business) Regulations (LCBR) (Rg. 10) 3.
- Specifically, the following parts of the SFA: Part IV Holders of Capital Markets Services (CMS) Licence and Representatives Part IX Supervision and Investigation 2. Securities and Futures (Licensing and Conduct of Business) Regulations (LCBR) (Rg. 10) 3.
- MAS
- Guidelines
Last revised date:
- Categories of FMCs 2 2.1 Capital Markets Services [CMS] Licence or Registration The activity of fund management is defined in the Second Schedule to the SFA.
- Categories of FMCs 2.1 Capital Markets Services [CMS] Licence or Registration The activity of fund management is defined in the Second Schedule to the SFA.
Q&A covered- How are Venture Capital Fund Managers (VCFMs) regulated?
- I want to set up a fund in Singapore. What is the regulatory framework?
- Which industries count as "relevant experience" for the required staff of the fund management company?
- What safeguards must a fund manager have when carrying out fund management activities with their employees?
- What type of fund management company applies to my business?
- MAS
- FAQs
Last revised date:
- Are we required to apply for a CMS licence in fund management?
- Are we required to apply for a CMS licence in fund management?
Q&A covered- Are the Outsourcing Guidelines applicable to intra-group outsourcing for fund management companies?
- How should a fund management company assess the suitability of its service provider’s employees, or its sub-contractors?
- Are fund management companies required to submit their outsourcing registers to MAS on a yearly basis?
- Are the LFMC’s central dealers subject to the representative notification regime?
- Can a fund management company engage the same auditor for both internal and external audit services?
- 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?
- Can I submit a CMS licence application for fund management while my RFMC registration is being processed by MAS?
- When is my fund not considered to be "dealing in capital markets products" and exempted from adding it to my licence?
- What types of fees and expenses should be excluded from committed capital, for determining the limit on non-qualifying investments for VCFMs?
- My company plans to manage a fund that will invest into immovable assets. Do we need a CMS licence in fund management?
- Does a fund management company have to include managed assets invested in real estate assets for the purposes of licensing and reporting?
- Can a fund manager that manages both VC and PE funds operate under the VC Manager Regime?
- Is a fund management company allowed to conduct specified products borrowing and lending in respect of its clients’ portfolios?
- What kind of relevant work experience do Directors, Relevant Professionals and CEO of a FMC need?
- What does MAS assess in a fund management companies licence / registration application?
- How can an existing fund management company (FMC) transition into the VC Manager Regime?
- What differentiates an Executive Director from a Non Executive Director of a fund management company?
- Requirements before A/I LFMCs can start managing funds offered by retail investors
- My company is an A/I LFMC. Are there situations where we can manage/provide advice to funds offered to retail investors if our licence restricts us from doing so?
- When does a fund management company not need to subject its managed assets to independent custody?
- Information required to assess Single Family Office (SFO) licensing exemption in Singapore
- What procedures to take if my LFMC wants to cease business?
- Is a fund management company allowed to manage customer’s assets and monies held at accounts opened with foreign brokers that are not regulated in Singapore?
- Is an LFMC allowed to conduct central dealing activity for funds managed by its related entities?
- What licensing exemptions can Single Family Offices (SFOs) rely on?
- Can my company commence business as soon as it submits its registration as an RFMC to the MAS?
- What is considered to be adequate internal audit arrangements for a RFMC?
- MAS
- Forms and Templates
Last revised date:
- Form 1 is required to be lodged by a capital markets services licensee through MASNET . MASNET is a closed communication network system operated by the Authority which the capital markets services licensee needs to subscribe to for lodging the form.
- SECURITIES AND FUTURES ACT (CHAPTER 289) SECURITIES AND FUTURES (FINANCIAL AND MARGIN REQUIREMENTS FOR HOLDERS OF CAPITAL MARKETS SERVICES LICENCES) REGULATIONS (Rg 13) REGULATION 27(1)(a) AND (9)(b) STATEMENT OF ASSETS AND LIABILITIES FORM 1 Name of the holder of a capital
- Form for capital markets services licensees to provide a breakdown of their assets and liabilities. The form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year.
- MAS
- Forms and Templates
Last revised date:
- Form 1 is required to be lodged by a capital markets services licensee through MASNET . MASNET is a closed communication network system operated by the Authority which the capital markets services licensee needs to subscribe to for the purpose of lodging the form.
- Form for capital markets services licensees to provide a breakdown of their assets and liabilities. This form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year.
- Name of the holder of a capital markets services licence: _____________________________ Statement of assets and liabilities as at: (dd-mmm-yyyy) $ $ SECURITIES AND FUTURES ACT (CHAPTER
- MAS
- Exemptions
Last revised date:
- custodial services to accredited investors and institutional investors in Singapore under an arrangement with Edelweiss Investment Advisors Private Limited (EIAPL), a CMS licence holder.
- Markets Services (CMS) licence for fund management Section 99(1)(h) of the SFA, read with section 337(2) of the SFA 23 10 Oct, 17 Oct, 24 Nov MAS granted exemptions to 23 single family offices (SFOs) that provided fund management services to their respective sponsors
- ISSUED PURSUANT TO SECTION 337(2) OF THE SECURITIES AND FUTURES ACT 2001 (SFA) For the period from 1 October 2021 to 31 December 2021 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 1 Exemption from requirement to hold a Capital
- MAS
- Exemptions
Last revised date:
- Markets Services (CMS) licence for fund management MAS granted exemptions to 15 single family offices (SFOs) that provided fund management services to their respective sponsors.
- 2020 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 15 Section 99(1)(h) of the SFA, read with section 337(2) of the SFA 7 February 2020, 3 March 2020, 30 March 2020 Exemption from requirement to hold a Capital