Experimenting in the sandbox

 

Active Sandbox Experiments

All active sandbox experiments will be listed in the table below:

Sandbox Entity 

Start Date of the Sandbox Period 

Expiry Date of the Sandbox Period 

 Remarks

Company Name: Kristal Advisors (SG) Pte Ltd

Incorporated In: Singapore

Address: 5 Shenton Way, #10-01 UIC Building, Singapore 068808

Telephone: +65 8511 9486

Institution Type: Fund Management

10 Aug 2017

10 Aug 2018

Kristal Advisors (SG) has completed its experiment and exited the sandbox on 10 Aug 2018.

 

Kristal Advisors (SG) holds a Capital Markets Services Licence for the regulated activity of fund management under section 86 of the Securities and Futures Act with effect from 11 Aug 2018.

 

The Company has also lodged to be an exempt financial adviser under section 23(1)(d) of the Financial Advisers Act for the following financial advisory services:

 

(a) advising others, either directly or through publications or writings, and whether in electronic, print or other form, concerning the following investment products:

(i) securities (other than collective investment schemes);

(ii) collective investment schemes;

(iii) futures contracts;

(iv) contracts or arrangements for the purposes of foreign exchange trading;

(v) contracts or arrangements for the purposes of leveraged foreign exchange trading;

(vi) structured deposits.

(b) marketing of any collective investment scheme.

 

For more information, please refer to the Financial Institutions Directory.

Company: Thin Margin Pte Ltd

Incorporated In: Singapore

Address: 1 Coleman Street, #10-06 The Adelphi, Singapore 179803

Telephone: +65 9834 7128

Institution Type: Money Changer

 20 Nov 2017

 19 Jul 2018

 

Thin Margin has completed its experiment and exited the sandbox on 19 Jul 2018.

 

Thin Margin is licensed as a money-changer under section 7 of the Money-Changing and Remittance Businesses Act with effect from 20 Jul 2018.

 

For more information, please refer to the Financial Institutions Directory.

 

 

Company: TransferFriend Pte Ltd

Incorporated In: Singapore

Address: 331 North Bridge Road, #02-01 Odeon Towers, Singapore 188720

Telephone: +65 3159 0029

Institution Type: Remittance Business

22 Jan 2018

21 Jul 2018

TransferFriend has exited the sandbox on 21 Jul 2018.

 

With effect from 22 Jul 2018, TransferFriend is no longer licensed to advertise or carry on a remittance business in Singapore.

 

Company: MetLife Innovation Centre Pte Ltd ("MICPL")

Incorporated In: Singapore

Address: 9 North Buona Vista Drive, #20-05, Metropolis Tower One, Singapore 138588

Telephone: +65 6715 8809

Institution Type: Direct Insurer (General)

18 Jun 2018

 17 Dec 20181

 

1MICPL has to fulfil all its contractual obligations to all its policy owners even after the expiry date of the sandbox.

Policies sold by MICPL are not protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

 

Clients of MICPL will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).

 

 

Engaging the services of a sandbox entity

From time to time, MAS receives information on companies that have claimed to be approved by MAS to experiment in the sandbox. Consumers should exercise care when dealing with these companies or with other persons acting on their behalf. Find out more here.

Are you thinking about purchasing a product or engaging the services of a company that is operating in the sandbox? Find out more here.

 

Last Modified on 10/08/2018