Grant for Equity Market Singapore Scheme
Grant Details
GEMS comprises three components and is valid for three years from 14 February 2019:
1. Listing Grant to encourage potential issuers to list on the Singapore Exchange (SGX) by co-funding part of the eligible expenses.
Details | |||
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Qualifying Issuer | Issuers with an Initial Public Offering, excluding Real Estate Investment Trusts and Business Trusts, on SGX. | ||
Qualifying Issuance, funding level and per-issuance cap |
New Technology Sectors • Listed on SGX. |
High Growth Sectors • Listed on SGX. |
All other Sectors • Listed on SGX.
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Eligible Expenses | • Issuer manager fees • Sponsor fees • Underwriting fees • Placement fees • Auditor fees • Legal fees • Market research fees • SGX listing fees |
2. Research Talent Development Grant to encourage financial institutions to hire research professionals by co-funding hiring costs.
Details | |
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Qualifying Issuer | Financial institutions based in Singapore with equity research capabilities. |
Funding level | • 70% of the salaries of fresh graduates hired as equity research analysts. • 50% of the salaries for re-employed experienced equity research analysts. |
Eligible Expenses | Fixed basic salary including fixed allowances, but not including bonuses or variable income. |
3. Research Initiative Grant is earmarked to fund crowd-sourced initiatives that will propel the development of Singapore’s equity research ecosystem. Such initiatives could include new format of equity research, or innovative ways to distribute research and disseminate enterprise information to investors.
Application
Interested applicants can write to fsdf@mas.gov.sg for more information.
Applicants of the Listing Grant should submit their applications no later than 3 months after the issue date.
Applicants of the Research Talent Development Grant and Research Initiative Grant should submit their applications at least 3 months before commencement of projects, and hire only when their applications are approved by MAS.