Reply to Parliamentary Question on regulation of crypto derivatives on Approved Exchanges
MAS today launched a public consultation on its proposal to streamline the regulatory framework for fund managers. Specifically, the existing Registered Fund Management Companies (RFMCs) regime will be repealed, and existing RFMCs that are in operation will be approved as Licensed Fund Management Companies upon application.
Mr Kee Rui Xiong, Executive Director (Corporate Finance & Disclosures Department) spoke about three key issues confronting the financial advisory industry – Technology, Training and Trust.
MAS launched a public consultation on a revised framework to strengthen surveillance and defence against money laundering risks in Singapore’s Single Family Office sector.