Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations
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.
How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Proposed exemption from the capital markets services licensing requirement under the SFA for remote clearing members that clear futures contracts on Singapore-based central clearing counterparties.
- Consultation number:
- Start date:
- 24 April 2015
- Closing date:
- 15 May 2015
- MAS response date:
- 05 August 2016