Asian Financial Leaders Scheme (AFLS)
What It Is
The AFLS is a leadership development initiative supported by the . Its objective is to encourage the financial industry to develop its pool of future leaders, by sending them on eligible leadership programmes that would provide the knowledge to navigate the diverse business, regulatory, and legal environment in the region.
About the FSDF
The FSDF was set up to facilitate the development and enhancement of talent and other infrastructure for Singapore’s financial centre in keeping up with dynamic changes worldwide. The FSDF supports various schemes that help Singapore develop a pool of highly skilled professionals in their respective specialist areas.
Claimants should be the sponsoring financial institutions, based locally (in Singapore) or overseas, that are sending eligible programme participants for the eligible programmes.
Eligible programme participants include promising incumbent staff whom the financial institutions are keen to groom as future leaders. Only Singapore Citizens will be supported.
Eligible Leadership Programmes
FSDF will reimburse 75% of programme fees (exclude airfare, accommodation, absentee payroll and allowance) for eligible programmes that eligible programme participants attended between 1 July 2018 and 30 June 2023, capped at S$50,000 per participant.
How to Apply / Claim
Sponsoring financial institutions can only claim funding support after the eligible programme participants have successfully completed the programme.
Each sponsoring financial institution should submit one claim form for all eligible programme participants per qualifying period by the following submission period:
|Claim cycle||Qualifying period||Submission period|
|1||Programmes completed from January to June||July to September of the same calendar year|
|2||Programmes completed from July to December||January to March of the next Calendar Year|
Each claim submission should be accompanied by relevant supporting documents:
1. Claim form duly completed and signed by the Head of Human Resources and Head of Internal Audit (or Head of Compliance in the absence of Internal Audit);
2. Invoice issued by the programme provider; and
3. Certificate of completion.
You may contact us for the claim form at:
* Financial institutions refer to entities that are licensed or exempted from licensing by MAS.