Guidelines
Guidelines on the Application of Section 339 (Extra-Territoriality) of the Securities and Futures Act [SFA 15-G01]
Sets out when acts carried out outside Singapore are still subject to the Securities and Futures Act (SFA).
Applies to:
Dealing in Capital Markets Products
,
Product Financing
,
Providing Custodial Services
,
Licensed Fund Management Company
,
Corporate Finance Advisory
,
REIT Management
,
Credit Rating Agency
,
Securities Crowdfunding
,
Exempt Capital Markets Services Entity
,
Venture Capital Fund Management Company
,
Registered Fund Management Company
,
Exempt Corporate Finance Adviser Serving Accredited Investors
,
Exempt Futures Broker
,
Exempt OTC Derivatives Broker
,
Markets and Exchanges
,
Clearing House
,
OTC Counterparties
,
Trade Repository
These guidelines set out the general principles behind MAS' policy stance on the scope and application of the extra-territorial effect of the SFA in relation to cross-border activities. It applies to the conduct of all regulated activities under the SFA.
They include:- Background on section 339.
- Elaboration of intent and scope of section 339.
- General principles on the non-applicability of section 339(2).
- Illustrations on the applicability of section 339.
Related to this Item
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GuidelinesLast Revised Date: 11 October 2021
Guidelines on Applications for Approval of Arrangements under Paragraph 9 of the Third Schedule to the Securities and Futures Act [SFA 04-G03]
Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Securities and Futures Act.
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GuidelinesLast Revised Date: 11 October 2021
Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06]
Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Financial Advisers Act.
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NoticesPublished Date: 08 October 2021
Notice SFA 04-N18 on Requirements in relation to Cross-Border Arrangements under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021
Requirements for specified capital markets services licensees (“CMSLs”) and specified exempt CMSLs in relation to their cross-border arrangements with Foreign Offices (“FOs”) under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021.
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NoticesPublished Date: 08 October 2021
Notice SFA 04-N17 on Requirements in relation to Cross-Border Arrangements under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021
Requirements for specified capital markets services licensees (“CMSLs”) and specified exempt CMSLs in relation to their cross-border arrangements with Foreign Related Corporations (“FRCs”) under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021.
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ConsultationsPublished Date: 12 May 2021
Consultation Paper on Proposed AML Notices for Cross-Border Business Arrangements of Capital Markets Intermediaries under Proposed Exemption Frameworks
This consultation seeks comments on the draft Notices setting out the proposed anti-money laundering and countering the financing of terrorism requirements under both the proposed Branch Framework and notified FRC framework.
- Consultation number:
- P005-2021
- Start date:
- 12 May 2021
- Closing date:
- 11 June 2021
- MAS response date:
- 08 October 2021
- Status:
- Responded
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ConsultationsPublished Date: 15 March 2021
Consultation Paper on Proposed Exemption Framework for Cross-Border Business Arrangements of Capital Markets Intermediaries Involving Foreign Offices
This consultation seeks views on (i) MAS’ proposal to exempt foreign head offices or branches of financial institutions in Singapore from the applicable business conduct and representative notification requirements when they serve Singapore customers; and (ii) proposed notification and annual reporting forms, as well as the draft regulations and notices, for both the proposed Branch Framework and notified FRC framework.
- Consultation number:
- P001-2021
- Start date:
- 15 March 2021
- Closing date:
- 15 April 2021
- MAS response date:
- 08 October 2021
- Status:
- Responded
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ConsultationsLast Revised Date: 05 June 2020
Consultation Paper on Proposed Revisions to the Exemption Framework for Cross-Border Business Arrangements of Capital Markets Intermediaries
Proposed revisions to streamline the exemption framework which allows foreign related corporations of financial institutions in Singapore to provide cross-border services to customers in Singapore without having to hold a licence.
- Consultation number:
- P017 - 2018
- Start date:
- 04 December 2018
- Closing date:
- 31 January 2019
- MAS response date:
- 05 June 2020
- Status:
- Responded
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ConsultationsPublished Date: 20 March 2003
Consultation Paper on Granting of Approval for Arrangements under Paragraph 9 Third Schedule of the Securities and Futures Act (CAP. 289)
Proposed guidance on what constitutes arrangements under paragraph 9 of the Third Schedule to the SFA, and the assessment criteria for grant of such approval.
- Consultation number:
- -
- Start date:
- 20 March 2003
- Closing date:
- 20 April 2003
- Status:
- Closed