Apply to all capital markets services licensees, registered fund management companies and exempt capital markets services entities. 

Set out requirements relating to:

  • Licensing, representative notification, and key appointments
  • Fit and proper criteria
  • Custody of customers’ moneys and assets
  • Other conduct of business


The various Schedules of the regulations further set out the following:

  • Second Schedule - Exemptions applicable for registered fund management companies, exempt corporate finance advisers, exempt futures brokers, and exempt OTC derivatives brokers
  • Third Schedule - Table of fees payable to MAS
  • Fourth Schedule - Product advertisement