How to qualify to be a CMS licensee (other than a fund manager or REIT manager).

How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.

Prescribes additional persons as accredited investors (e.g. partnership where each partner is an accredited investor) and institutional investors (e.g., designated market-maker and registered fund management company) for the purpose of the SFA.

Form for capital markets services licensees to apply for additional type(s) of regulated activity/activities.

Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS before an appointed representative adds other type(s) of regulated activity or activities.

Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of temporary representatives who reside outside Singapore but plan to conduct activities in Singapore for a limited period of time.

Sets out exemption for Citibank Aktiengesellschaft and other persons (e.g. remote clearing members) from the requirement to hold a capital markets services licence for dealing in capital markets products, subject to conditions.

Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.

How to qualify to be or appoint provisional and temporary representatives.

Proposed criteria for granting temporary licence to individuals residing outside Singapore who plan to conduct regulated activities in Singapore for a limited period of time.

Consultation number:

-

Start date:

20 March 2003

Closing date:

19 April 2003

Provides for a person to be given an opportunity to be heard by MAS and to be given at least 10 days to submit any written supporting documents as to why MAS should reconsider the decision it intends to make.