These guidelines apply to:
a) Persons applying for a capital markets services’ (CMS) licence.
b) Person applying for a financial adviser’s (FA) licence.
c) Capital markets services licensee.
d) Licensed financial advisers.
e) Appointed, provisional or temporary representatives.
They set out the administrative procedures in respect of applications for (i) CMS or FA licences and (ii) addition of new regulated activities, and (iii) appointment of representatives. They also explain the computation of fees and procedures for fee payment.
This Compliance Toolkit is to guide and facilitate financial advisers’ compliance with the various MAS approval and reporting requirements and timelines.
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.
How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
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 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.
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.
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.
How to qualify to be and conduct your business as a fund manager.
How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.
Form for entities to apply for a financial adviser's licence.
Guidelines on the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act.
Form for capital markets services licensees to apply for additional type(s) of regulated activity/activities.
Form for licensed financial advisers to apply for additional type(s) of financial advisory service or product(s).
Provides guidance to financial institutions on the submission of representative notifications using the bulk filing function of the CoRe system
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.
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 licensees, banks, merchant banks, finance companies and insurers to notify MAS of the cessation of a representative in any or all regulated activities, by the next business day.
Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS when there are changes to a representative's particulars such as changes in identification and contact details, within 14 days after the date of the change.
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.
Form for licensed financial advisers and exempt financial advisers to notify MAS before an appointed representative adds additional type of financial advisory service or product.
Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.
Form for licensed financial advisers and exempt financial advisers to notify MAS when there are changes to a representative's particulars such as changes in identification, business interests and contact details or address. The form is to be submitted no later than 14 days after the date of the change.
Form for licensed financial advisers and exempt financial advisers to notify MAS of the cessation of a representative in any or all of the financial advisory services. The form is to be submitted no later than the next business day.
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the completion of the examination requirements by a provisional representative.
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Provides guidance to financial institutions on the submission of representative notifications though the CoRe system.
How to qualify to be or appoint provisional and temporary representatives.
Proposed fee structure under the notification framework for all representatives in the banking, insurance and capital markets sectors, aimed at streamlining and ensuring greater consistency in the process for allowing representatives to conduct regulated activities.
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.
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.
