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- MAS
- Guidelines
Last revised date:
- How to qualify to be and conduct your business as a fund manager. These guidelines set out the eligibility criteria and application procedures for licensed fund management companies (LFMCs), venture capital fund managers (VCFMs), and registered fund management companies (RFMCs). They also set out the ongoing business conduct requirements for LFMCs, VCFMs and RFMCs, including requirements relating to custody, valuation and reporting, conflicts of interest mitigation, disclosure and submission of periodic
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
- Consultations
Last revised date:
- MAS is consulting on proposed amendments to the Business Trusts Act (Cap. 31A) (“BTA”). The proposed amendments mainly seek to align the BTA with the Companies (Amendment) Act 2014, the Companies (Amendment) Act 2017 and the regulatory regime for REITs, and to streamline and clarify regulatory requirements in response to industry feedback. MAS invites comments from interested parties on the proposals set out in the consultation paper. Response VIEW DOCUMENT Response to Feedback Received on Proposed
- MAS
- Consultations
Last revised date:
- The Basel Committee on Banking Supervision (BCBS) has published total loss-absorbing capacity (TLAC) holdings – Amendments to the Basel III standard on the definition of capital, which sets out the regulatory capital treatment of banks’ investments in TLAC and proposed amendments to MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore to implement the relevant requirements under the final standard issued by the Basel Committee on Banking Supervision. Response
- MAS
- Consultations
Last revised date:
- This consultation sets out MAS’ proposed regulations relating to anti-money laundering and countering the financing of terrorism, applicable to variable capital companies incorporated under the Variable Capital Companies Act. Response VIEW DOCUMENT Response to Feedback received on AMLCFT Notice for VCCs (811.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on the Proposed AML/CFT Notice for Variable Capital Companies (711.6 KB) RESPONSE TO FEEDBACK RECEIVED 15 January 2020 Proposed
- MAS
- Speeches
Last revised date:
- Dominique Strauss-Kahn Managing Director INTERNATIONAL MONETARY FUND Monetary Authority of Singapore Annual Lecture – November 13, 2009 It is my great honor to deliver the 2009 Annual Lecture of the Monetary Authority of Singapore. I thank Managing Director Heng for inviting me to speak to you this evening. I have already spent two very stimulating days in Singapore, meeting with regional policy makers, academics, and business leaders. From my conversations, I have gained valuable insights on
- MAS
- Media Releases
Last revised date:
- Singapore, 31 March 2015… The Monetary Authority of Singapore (MAS) announced today that from 7 April, consumers can compare life insurance products of different companies using a new web portal called compareFIRST (www.comparefirst.sg). On the same day, life insurance companies will start selling Direct Purchase Insurance (DPI), a class of simple life insurance products that is sold without commissions and financial advice. Both compareFIRST and DPI are initiatives under the Financial Advisory Industry
- MAS
- Exemptions
Last revised date:
- Prescribes additional persons as accredited investors (e.g. partnership where each partner is an accredited investor) and institutional investors (e.g., designated market-maker and registered fund management company) for the purpose of the SFA. 03 Jan 2022 Securities and Futures (Classes of Investors) (Amendment) Regulations 2021 (41.8 KB) 07 Jan 2019 Securities and Futures (Classes of Investors) (Amendment) Regulations 2019 07 Jan 2019 Securities and Futures (Classes of Investors) (Amendment No.
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $3,000 was imposed on Autobahn Rent A Car for failing to put in place reasonable security arrangements to protect the personal data in its possession or under its control. Directions were also issued to strengthen access control measures to administrator accounts and to conduct reasonable security review of technical and administrative arrangements for the protection of personal data. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPCS 4
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $3,000 was imposed on Autobahn Rent A Car for failing to put in place reasonable security arrangements to protect the personal data in its possession or under its control. Directions were also issued to strengthen access control measures to administrator accounts and to conduct reasonable security review of technical and administrative arrangements for the protection of personal data. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPCS 4
- MAS
- Speeches
Last revised date:
- 1 Good Morning. I'm very happy to be here today at the Public Lender and Insurer Infrastructure Finance Summit 2006. I would like to congratulate the organizers - IE Singapore, INTOBA and Morrison and Foerster, for putting together a very interesting program and for drawing such a good response. 2 Since the crisis in 1998, the economies of Asia (ex-Japan) have sustained an average growth rate of 6.3% per annum, significantly faster than the global growth rate of 3.9%. While China and India