Requirements for specified capital markets services licensees (“CMSLs”) and specified exempt CMSLs in relation to their cross-border arrangements with Foreign Related Corporations (“FRCs”) under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021.

Clarifications on the requirements under the Exemption Frameworks for cross-border business arrangements of capital markets intermediaries involving Foreign Related Corporations and Foreign Offices.

Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to submit their annual declaration for cross-border arrangements notified under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. ​ This form must be submitted not later than 5 months from the end of the financial year.

Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to notify MAS of their change in particulars to cross-border arrangements notified under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. This form must be submitted not later than 14 days after the date of the change.

Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to notify MAS of their cross-border arrangements with Foreign Related Corporations or Foreign Offices under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. ​ This form must be submitted not later than 14 days after the date of commencement of qualifying business under the Exemption Regulations.

This consultation seeks comments on the draft Notices setting out the proposed anti-money laundering and countering the financing of terrorism requirements under both the proposed Branch Framework and notified FRC framework.

Consultation number:

P005-2021

Start date:

12 May 2021

Closing date:

11 June 2021

MAS response date:

08 October 2021

Status:

Responded

Proposed revisions to streamline the exemption framework which allows foreign related corporations of financial institutions in Singapore to provide cross-border services to customers in Singapore without having to hold a licence.

Consultation number:

P017 - 2018

Start date:

04 December 2018

Closing date:

31 January 2019

MAS response date:

05 June 2020

Status:

Responded

Sets out when acts carried out outside Singapore are still subject to the Securities and Futures Act (SFA).

Proposed guidance on what constitutes arrangements under paragraph 9 of the Third Schedule to the SFA, and the assessment criteria for grant of such approval.

Consultation number:

-

Start date:

20 March 2003

Closing date:

20 April 2003

Status:

Closed