Events listed in Securities and Futures Act
Consultation Paper on Proposed Changes to Complex Products Regime
ID 26476
On December 21, 2023, the Monetary Authority of Singapore, MAS, has launched a response paper to its public consultation on the complex product regime. Under the regime, all investment products are classified based on their characteristics in terms of risk as either „simple“ investment products, also called Excluded Investment Products (EIPs) or „complex“ investment products, also called Specified Investment Product (SIPs). Products classified as ...
Consultation Paper on Proposals to Mandate Reference Checks
ID 26221
The Monetary Authority of Singapore (MAS) has published a consultation outcome paper on a consultation that was launched back in 2021 on proposed requirements to perform and respond to mandatory reference checks for certain employees of a company (please see EventID 10912 for a detailed description of the consultation). The requirements would apply to a large number of supervised firms, including brokers, fund management ...
Form 11 – Appointment of Chief Executive Officer or Director / Change of ...
ID 26134
The Monetary Authority of Singapore has issued a revised form (Form 11) for capital market licensees, including custodians, REIT management, credit rating agencies, financial advisers, and others, which must be used to apply with MAS for „the appointment of a Chief Executive Officer or director“ or for the change of a director’s role. Noted firms are expected to submit the form online. Following a ...
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to ...
ID 26113
The Monetary Authority of Singapore (MAS) has issued an updated version of its „Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS“ which is basically a guidance for banks, (exempt) financial advisers, credit rating agencies and certain other capital market services licensees on filing and reporting requirements in connection with their business. The toolkit contains – among others – information on the ...
Guidelines on Licensing, Registration and Conduct of Business for Fund Management ...
ID 25997
The Monetary Authority of Singapore (MAS) has published a revised version of its guidelines on the „licensing, registration and conduct of business for Fund Management Companies“. **The guidelines outline the criteria which need to be met in order to register as a licensed fund management company, registered fund management company, and as venture capital fund managers. They also specify the registration process and set ...
FAQs on Disclosure of Interests
ID 25637
The Monetary Authority of Singapore, MAS, has published an updated version of its frequently asked questions (FAQs) regarding the „disclosure of interest“, or – in other words – the disclosure of (beneficial) ownership as they relate to real estate investment trusts (REITs), other trusts, listed corporations, and substantial shareholders. Generally speaking, the document addresses issues such as (1) The scope and applicability of the ...
FAQs on the Notice on Business Conduct Requirements for Corporate Finance Advisers
ID 24683
The Monetary Authority of Singapore, MAS, has published a revised version of its FAQs on the Notice on Business Conduct Requirements for Corporate Finance Advisers. The frequently asked questions specifically provide clarifications and examples of MAS‘ expectations as regards the management of conflicts of interest, internal control and governance, and customer due diligence of firms and individuals engaged in the provision of corporate finance ...
Form 1A – Application for a Capital Markets Services Licence for Fund ...
ID 24678
The Monetary Authority of Singapore (MAS) has issued two revised forms in connection with the application for a capital markets services license. The affected forms are: Form 1A – „Application for a Capital Markets Services Licence for Fund Management Company“ Form 1V – „Application for a Capital Markets Services Licence for Venture Capital Fund Manager“ It is essential, so the regulator, to also read ...
Form 11 – Appointment of Chief Executive Officer or Director / Change of ...
ID 24676
The Monetary Authority of Singapore has issued a revised form (Form 11) for licensed fund management companies (LFMCs) which must be used to apply with MAS for „the appointment of a Chief Executive Officer or director“ or for the change of a director’s role. LFMCs are expected to submit the form through CeL eServices, MAS‘ platform for Corporate e-Lodgment, unless they have been advised ...
Form 22A – Notice of Commencement of Business as a Registered Fund Management ...
ID 24673
The Monetary Authority of Singapore, MAS, has published a revised version of its Form 22A and Form 24A to be filed by fund management companies to apply for registration or deregistration in Singapore, respectively. The forms must be submitted electronically via CeL, the online Corporate e-Lodgment service of MAS. In case of Form 22A (registration), the form must be accompanied by the corresponding mandatory ...