Consultation Paper on Proposed Framework for Single Family Offices
This consultation paper sets out a proposed framework for Single Family Offices (“SFOs”) operating in Singapore, under which there will be qualifying criteria for class exemption from licensing under the Securities and Futures Act (“SFA”), as well as notification and annual reporting requirements.
Governs the regulation of activities and institutions in the securities and derivatives industry, including leveraged foreign exchange trading of financial benchmarks and of clearing facilities.