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What is the application process and conduct requirements for a fund management company in Singapore?
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Source: https://www.mas.gov.sgGenerally, a company would need to be licensed or registered for fund management by the MAS if it intends to manage assets belonging to external investors. Fund management is a regulated activity under the Securities and Futures Act 2001 ("SFA"). A company which carries on business in fund management is required to hold a capital markets services (“CMS”) licence for fund management or be registered as a registered fund management company under the SFA, unless otherwise exempted.
Fund management companies are expected to engage in substantive fund management activities, such as portfolio management, investment research or sub-advisory in Singapore. They should not purely engage in marketing of funds and/or client servicing. The definition of fund management can be found in the Second Schedule to the SFA and the exemptions from the requirements to hold a CMS licence are provided in section 99 of the SFA and paragraph 5 of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations .
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Fund management companies are expected to engage in substantive fund management activities, such as portfolio management, investment research or sub-advisory in Singapore. They should not purely engage in marketing of funds and/or client servicing. The definition of fund management can be found in the Second Schedule to the SFA and the exemptions from the requirements to hold a CMS licence are provided in section 99 of the SFA and paragraph 5 of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations .
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- Application process, timeline and fees for fund management licensing and registration
- Admission criteria and applicable requirements for fund management companies in the Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies and FAQs on the Licensing and Registration of Fund Management Companies
This information provided here is sourced from the MAS website.
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