These guidelines set out the licensing criteria for capital markets services (CMS) licensees who are:
The licensing criteria include fitness and propriety, base capital and professional indemnity insurance.
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.
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of representatives.
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.
Guidelines on procedures to apply for a Capital Markets Services or Financial Advisory licence, appoint representatives and pay fees.
How to comply with risk based capital adequacy requirements.
Form for potential acquirers to seek MAS' approval for obtaining effective control of capital markets services licensees.
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.
This circular applies to licensed securities-based crowdfunding (SCF) operators. It sets out the measures SCF operators should put in place to assess issuers, manage defaults or cessations, and disclose interest and default rates.
General guidance on the application of securities laws administered by MAS in relation to offers or issues of digital tokens in Singapore.
General guidance on the application of securities laws administered by MAS in relation to offers or issues of digital tokens in Singapore.
Provides guidance on the regulation of lending-based crowdfunding, including licensing of lending-based crowdfunding operators and applicable prospectus requirements or exemptions on offers of debentures.
This circular applies to capital markets services licensees, banks, merchant banks, finance companies, insurers and financial advisers. It sets out the requirements on due diligence checks and documentation relevant to the fit and proper certification of their representatives.
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.
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Sets out the minimum capital and financial resources, and other financial and margin requirements.
Provides guidance to financial institutions on the submission of representative notifications though the CoRe system.
Covered three proposals: (i) Regulatory framework for capital markets services licensees, banks, merchant banks and finance companies dealing in OTC derivative contracts under the SFA, including capital, business conduct and other requirements; (ii) exemption for execution-related advice on listed excluded investment products under the FAA; and (iii) transferring the regulation of marketing of CIS from the FAA to SFA.
Proposals to facilitate crowdfunding which involves the offer of securities to accredited and institutional investors.
Proposed lowering of base capital requirements for capital services licensees trading only in commodity futures contracts.
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.
