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

Requirements for licensed financial advisers and specified exempt financial advisers in relation to their cross-border arrangements with Foreign Offices (“FOs”) under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021.

Requirements for licensed financial advisers and specified exempt financial advisers in relation to their cross-border arrangements with Foreign Related Corporations (“FRCs”) under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021.

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

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.

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

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

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