Showing 590 Documents for "CMS"
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- MAS
- FAQs
Last revised date:
- A CMS licensee or licensed financial advisor is required to submit the relevant forms to apply to add regulated activities to its CMS or FA licence.
- CMS licensees or licensed financial advisors will be issued with an electronic corporate licence through the CoRe system.
- Markets Services (CMS) or Financial Advisers (FA) licence, or notify MAS that we are conducting an additional regulated activity during the validation period.
- MAS
- Exemptions
Last revised date:
- For example, this refers to MAS Notice SFA 04-N02 for a holder of a capital markets services licence.
- of the type or types of capital markets products that the holder may carry on a business in dealing in capital markets products under the capital markets services licence; (c) in the case of a specified exempt person who is exempt from the requirement to hold a capital
- markets services licence or the specified exempt person lodges with the Authority a notice of the cross-border arrangement in a form to be specified by the Authority on or before 8 April 2022; specified holder of a capital markets services licence means a holder of a capital markets services
- MAS
- Forms and Templates
Last revised date:
- Form for capital markets services licensees to notify MAS when they cease any or all of their regulated activities. This form must be submitted within 14 days after the cessation of regulated activities. Form 7 should be lodged online via FormSG .
- SECTION 1: INFORMATION ON THE CESSATION Date of cessation 1.1 Indicate what the lodgement is for: The licensee will cease/has ceased to carry on business in all regulated activities in respect of its capital markets services licence.
- AND CONDUCT OF BUSINESS) REGULATIONS FORM 7 NOTICE OF CESSATION OF BUSINESS UNDER SECTION 93(1) AND REGULATION 11 NOTICE OF CESSATION OF BUSINESS UNDER SECTION 93(1) AND REGULATION 11 Explanatory Notes Explanatory Notes For the purposes of this Form licensee refers to a holder of a capital
- MAS
- FAQs
Last revised date:
- There is no specific licence type to identify a CMS licence holder that deals in securities-based derivatives within the CMS licences for dealing in exchange-traded derivatives contracts or dealing in OTC derivatives contracts.
- How would an FI that is subject to the Notices assess whether such a CMS licence holder is a resident FI? MAS would issue a written confirmation to such a CMS licence holder that it is subject to SFA 04-N04 and hence a resident as defined in paragraph 2.1.4(b)(v) of the Notices.
- Financial Institutions Banks (except Representative offices) Merchant Banks Finance Companies Insurers (except captive insurers) Holders of Capital Markets Services (CMS) Licences to carry on a business of dealing in any of the following capital market products: MAS Notice MAS Notice 757
- MAS
- Consultations
Last revised date:
- ----- that any reference to the holder of the capital markets services licence is read as a reference to the preparer.
- (6) In this regulation who agent, in relation to a holder of a capital markets services licence, means a person (a) may or may not be a member of the senior management of the holder of the capital markets services licence; and (b) is unanimously appointed by all the members
- to a holder of a capital markets services licence, means a group of persons that (a) comprises at least 2 persons, each of whom may or may not be a member of the senior management of the holder of the capital markets services licence; and (b) is unanimously appointed by
- MAS
- Notices
Last revised date:
- This notice applies to: Capital markets services (CMS) licensees. Banks, merchant banks, finance companies and insurers conducting regulated activities under the SFA.
- It accommodates overseas-based representatives who wish to conduct regulated activities as a representative of the holder of a Capital Markets Services Licence or an exempt financial institution, on a temporary or short-term basis.
- DEFINITIONS 4 For the purposes of this Notice: appointed representative has the same meaning as in section 2(1) of the Act; exempt financial institution means a financial institution exempt from the requirement to hold a capital markets services licence under section 99(1)(a), (
- MAS
- Consultations
Last revised date:
- Proposed Base Capital Requirements for Brokers Trading only in Commodity Futures Contracts Regulated Activity Proposed Base Capital Requirement for capital markets services licencees trading only in commodity futures contracts (S$) Existing Base Capital Requirement for capital
- The draft amendments to the Securities and Futures (Financial and 3 Margin Requirements for Holders of Capital Markets Services Licences) Regulations to effect the proposed changes will be issued for consultation subsequently.
- Upon the transfer, brokers trading in commodity futures contracts will require a capital markets services licence and be regulated by MAS under the Securities and Futures Act [SFA]. 2 MAS has reviewed the capital requirements for brokers trading only in commodity futures contracts, to ensure
- MAS
- Notices
Last revised date:
- Requirements for specified capital markets services licensees (“CMSLs”) and specified exempt CMSLs on anti-money laundering and countering the financing of terrorism (“AML/CFT”) in relation to their cross-border arrangements with Foreign Related Corporations (“FRCs”) under the Securities and Futures
- exempted from the requirement to hold a capital markets services licence under section 99(1)(d) of the SFA, MAS Notice 314; and Specified Regulated Entity means a specified person who has entered into a cross- border arrangement with its FRC.
- This notice applies to - Capital markets services licensees (excluding venture capital fund managers); - Exempt futures brokers and exempt over-the-counter derivatives brokers; and - Banks, merchant banks, finance companies and insurers that have entered into cross-border arrangements with their FRCs
- MAS
- Guidelines
Last revised date:
- Yes No CMS licence* for Fund Management + Exempt FA No CMS licence* for Fund Management + Exempt FA
- These digital advisers are required to hold a Capital Markets Services (CMS) licence for dealing in capital markets products. 14. Some digital advisers have discretion over the management of clients investment portfolios beyond portfolio rebalancing.
- Firms seeking to apply for a CMS licence or FA licence to provide digital advisory services in Singapore may refer to the following guidelines.
- MAS
- Exemptions
Last revised date:
- Under the -------- from requirement to hold a Capital Markets Services (CMS) licence for trading in futures contracts Exemption for an Approved Clearing House (ACH) Exemption for an ACH and an Approved Holding Company (AHC) 5 6 conditions of the exemption, the IDBs
- Markets Services (CMS) licence for fund management Exemption for inter- dealer brokers (IDBs) Section 306(1) of the SFA 1 August 31 2015 MAS granted an exemption to a REIT manager from compliance with paragraph 3(1)(a)(i) of the Sixth Schedule of the Securities
- on prospectus of collective investment scheme (CIS), not to contain information on past performance based on simulated results of a hypothetical CIS -------- 2 3 4 Exemption for the manager of a real estate investment trust (REIT) Exemption from requirement to hold a Capital