FAQs on Licensing and Business Conduct (Other than for Fund Management Companies)
Provides guidance on
- the scope of capital markets services licensing (other than for fund management companies)
- appointment of representatives
- business conduct rules
- the application of the SFA and SF(LCB)R to banks, merchant banks, finance companies and insurers.
Amendment Notes
Related to this Item
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FAQsLast Revised Date: 01 June 2023
FAQs on the Licensing and Registration of Fund Management Companies
Provides guidance on the requirements and procedures to apply to be a fund management company, and to appoint representatives to carry out fund management activities.
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GuidelinesLast Revised Date: 06 April 2023
Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies [SFA 04-G05]
How to qualify to be and conduct your business as a fund manager.
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GuidelinesLast Revised Date: 02 August 2022
Guidelines on Criteria for the Grant of a Capital Markets Services Licence Other Than for Fund Management and Real Estate Investment Trust Management [SFA 04-G01]
How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
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Forms and TemplatesLast Revised Date: 29 March 2022
Form 3A - Notification for Appointment of an Appointed Representative
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of representatives.
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Forms and TemplatesLast Revised Date: 29 March 2022
Form 1V - Application for a Capital Markets Services Licence for Venture Capital Fund Manager
Form for entities to apply to be a licensed venture capital fund manager (VCFM). Entities that intend to commence business as registered fund management companies or licensed fund management companies (other than as VCFMs) should submit Form 22A or Form 1A respectively.
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Forms and TemplatesLast Revised Date: 29 March 2022
Form 1A - Application for a Capital Markets Services Licence for Fund Management Company
Form for entities to apply to be a licensed fund management company. Entities that intend to commence business as registered fund management companies or venture capital fund managers should submit Form 22A or Form 1V respectively.
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Forms and TemplatesLast Revised Date: 29 March 2022
Form 22A - Notice of Commencement of Business as a Registered Fund Management Company
Form for entities to apply to be a registered fund management company. Entities that intend to apply for a capital markets services licence to conduct fund management (including as a venture capital fund manager) should submit Form 1A or 1V instead.
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Forms and TemplatesLast Revised Date: 28 March 2022
Form 1 - Application for a Capital Markets Services Licence (Other than for a Fund Management Company)
Form for entities (other than fund management companies to apply for a capital markets services licence to conduct regulated activities under the Securities and Futures Act. Fund management companies should submit Form 1A, 1V or 22A, depending on the type and scope of their fund management activities.
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GuidelinesLast Revised Date: 20 December 2021
Guidelines to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management [SFA 04-G07]
How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.
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RegulationsLast Revised Date: 03 December 2021
Securities and Futures (Classes of Investors) Regulations 2018
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.
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Forms and TemplatesLast Revised Date: 12 May 2021
Form 5 - Application for Additional Regulated Activity under a Capital Markets Services Licence
Form for capital markets services licensees to apply for additional type(s) of regulated activity/activities.
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Forms and TemplatesLast Revised Date: 06 May 2021
Form 11 - Appointment of Chief Executive Officer or Director / Change of Director's Nature of Appointment from Non-Executive to Executive
Form for capital markets services licensees, other than licensed fund management companies, to apply for the appointment of a Chief Executive Officer or director; or the change in nature of director appointment from non-executive to executive.
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Forms and TemplatesPublished Date: 08 October 2018
Form 6 - Notification to Add Activity/Activities of a Representative
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.
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Forms and TemplatesPublished Date: 08 October 2018
Form 3C - Notification for Appointment of a Temporary Representative
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.
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Forms and TemplatesLast Revised Date: 08 October 2018
Form 3B - Notification for Appointment of a Provisional Representative
Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.
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RegulationsLast Revised Date: 08 October 2018
Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations
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.
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NoticesPublished Date: 26 November 2010
Notice SFA 04-N10 Entry Requirements of a Provisional or Temporary Representative
How to qualify to be or appoint provisional and temporary representatives.
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ConsultationsPublished Date: 20 March 2003
Consultation Paper on Granting of Temporary Capital Markets Services Representative's Licence
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:
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- Start date:
- 20 March 2003
- Closing date:
- 19 April 2003
- Status:
- Closed
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RegulationsPublished Date: 23 May 2002
Securities and Futures (Opportunity to be Heard) Regulations
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.