FUNDS
Holland & Marie has collected a library of articles and helpful links on various regulatory topics. For assistance with applying for a license or ongoing compliance, please email us at [email protected].
FUNDS & ASSET MANAGERS (GENERAL AND ONGOING COMPLIANCE MATTERS)
LFMC APPLICATION DESK SET
VCFM APPLICATION DESK SET
REPEAL OF RFMC REGIME
FUNDS & ASSET MANAGERS (GENERAL AND ONGOING COMPLIANCE MATTERS)
For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at [email protected].
Overview
Fund Management Licensing and Registration (MAS)
Laws
Securities and Futures Act (Chapter 289) (MAS)
Regulations
Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations
Securities and Futures (Licensing and Conduct of Business) Regulations
Second Schedule – Exemptions from Section 82(1) and 99B(1) of SFA
Notices
Notice SFA 04/13-N01 Cancellation Period for Unites in Authorised Collective Investment Schemes
Notice SFA 04-N16 on Execution of Customer’s Orders
Notice SFA 04-N10 Entry Requirements of a Provisional or Tempory Representative
Notice SFA 13-N02 Annual Declaration for Notifications of Restricted Schemes
Notice CMG-N01 on Reporting Suspicious Activities and Incidents of Fraud
Notice FSM-N21 Technology Risk Management
Guidelines
Guidelines on Environmental Risk Management for Asset Managers (8 December 2020)
Guidelines on Individual Accountability and Conduct (MAS) (10 September 2019)
Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies
Guidelines on Liquidity Risk Management Practices for Fund Management Companies
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on Business Continuity Management
Guidelines on Risk Management Practices – Internal Controls
Guidelines on Risk Management Practies – Liquidity Risk
Guidelines on Risk Management Practices – Objectives and Scope
Guidelines on Risk Management Practices – Technology Risk
Guidelines to Notice SFA04-N16 on Execution of Customers’ Orders
Guidelines on Fit and Proper Criteria
Guidelines on License Applications, Representative Notification and Payment of Fees
Guidelines on Maintaining Records of Approval for Advertisements or Publications
Guidelines on Safeguarding the Integrity of Singapore’s Financial System
Strengthening Capital Markets Intermediaries’ Oversight over AML/CFT Outsourcing Arrangements
MAS Compliance Toolkits
Articles and Videos
Singapore Variable Capital Company (Acclime) (25 August 2020)
Singapore Variable Capital Company 101 (video) (Allen & Gledhill) (July 2020)
Singapore Variable Capital Company (PWC) (20 April 2020)
Singapore Launches New Fund Vehicle (Simmons & Simmons) (17 February 2020)
Variable Capital Company (WMH Law Corporation) (29 January 2020)
The Variable Capital Company: A new corporate structure for funds in Singapore (Allen & Overy)
MAS consults on requirements for proposed AML/CFT framework for VCCs (CNP Law)
Basics of a Variable Capital Company (CNP Law)
Variable Capital Company 101 (CNP Law)
Understanding the Singapore Variable Capital Company (PWC)
Singapore’s New Variable Capital Companies Regime (IQEQ)
SFC Sets Standards for Virtual Asset Portfolio Managers and Fund Distributors (Charltons Quantum )
Setting up PE & VC Funds in Singapore (SVCA)
Upcoming VCC Framework to Encourage Investment Funds to Domicile in Singapore (Allen & Gledhill)
Variable Capital Company Model Constitutions and Guidance Notes (Singapore Academy of Law)
Others
Information Paper on Strengthening AML/CFT Practices for External Asset Managers
Enhancing Robustness of Enterprise-Wide Risk Assessment on Money Laundering and Terrorism Financing
Handbook on Implementing Envorinmental Risk Management
FAQ on Risk Based Capital Requirements (MAS)
Navigating Asia: Your compass to cross-border fund distribution (Deloitte)
Variable Capital Companies Grant Scheme
Get started with setting up a hedge fund business (Simmons & Simmons)
FAQ on the Licensing and Registration of Fund Management Companies (MAS) (25 October 2019)
Applying to the SFC for a Type 9 (Asset Management) License in Hong Kong (Charltons Law)
LFMC APPLICATION DESK SET
For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at [email protected].
Reference materials for LFMC Application
Application form – Form 1A – Application for a Capital Markets Services License for Fund Management Company
Understand requirements for being registered – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies (29 November 2023)
Understand ongoing compliance requirements – Compliance Toolkit (MAS) (January 2023)
MAS Overview – Fund Management Licensing and Registration (MAS)
FAQ on the Licensing and Registration of Fund Management Companies (MAS) (1 June 2023)
VCFM APPLICATION DESK SET
For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at [email protected].
Reference materials for VCFM Application
Application form – Form 1V – Application for a Capital Markets Services License for Venture Capital Fund Manager
VCFM Admission & Ongoing Requirements (MAS)
Understand requirements for being licensed – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies (29 November 2023)
Understand ongoing compliance requirements – Compliance Toolkit (MAS) (January 2023)
MAS Overview – Fund Management Licensing and Registration (MAS)
FAQ on the Licensing and Registration of Fund Management Companies (MAS) (1 June 2023)
REPEAL OF RFMC REGIME
The MAS announced the repeal of Registered Fund Management Companies (RFMC), planned for 1 August 2024. Existing RFMCs intending to continue with regulated fund management activity after this date must apply to be an A/I LFMC by completing and submitting the application form (“Form 1AR”) between 1 April 2024 and 30 June 2024.
Consultation Paper
Response Paper
Form 1AR
The draft Form 1AR can be found in Annex C of the above reponse paper.
Submission of Form 1AR – https://go.gov.sg/Form1AR
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