Guidelines on Licence Applications, Representative Notification and Payment of Fees [CMG-G01]
These guidelines apply to:
- Persons applying for a capital markets services' (CMS) licence.
- Persons applying for a financial adviser’s (FA) licence.
- Capital markets services licensee.
- Licensed financial advisers.
- Appointed, provisional or temporary representatives.
They set out the administrative procedures in respect of application for (i) CMS or FA licences and (ii) addition of new regulated activities, and (iii) appointment of representatives. They also explain the computation of fees and procedures for fee payment.
Related to this Item
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NoticesPublished Date: 26 November 2018
Notice SFA 04-N10 Entry Requirements of a Provisional or Temporary Representative
How to qualify to be a provisional or temporary representative, or to appoint one.
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Forms and TemplatesPublished Date: 08 November 2018
Form 1V - Application for a Capital Markets Services Licence for Venture Capital Fund Manager
Form for entities to apply to be a licensed venture capital fund manager (VCFM). Entities that intend to commence business as registered fund management companies or licensed fund management companies (other than as VCFMs) should submit Form 22A or Form 1A respectively.
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Forms and TemplatesPublished Date: 09 October 2018
Form 3A - Notification for Appointment of an Appointed Representative
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of representatives.
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Forms and TemplatesPublished Date: 08 October 2018
Form 1 - Application for a Capital Markets Services Licence (Other than for a Fund Management Company)
Form for entities (other than fund management companies to apply for a capital markets services licence to conduct regulated activities under the Securities and Futures Act. Fund management companies should submit Form 1A, 1V or 22A, depending on the type and scope of their fund management activities.
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FAQsPublished Date: 08 October 2018
FAQs on the Licensing and Registration of Fund Management Companies
Provides guidance on the requirements and procedures to apply to be a fund management company, and to appoint representatives to carry out fund management activities.
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Forms and TemplatesPublished Date: 08 October 2018
Form 3C - Notification for Appointment of a Temporary Representative
Form for banks, merchant banks, finance companies and insurers to notify MAS of the appointment of temporary representatives who reside outside Singapore but plan to conduct activities in Singapore for a limited period of time.
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Forms and TemplatesPublished Date: 08 October 2018
Form 5 - Application for Additional Regulated Activity under a Capital Markets Services Licence
Form for capital markets services licensees to apply for additional type(s) of regulated activity/activities.
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Forms and TemplatesPublished Date: 08 October 2018
Form 8 - Notification for the Cessation of a Representative in any or all of the Regulated Activities
Form for capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the cessation of a representative in any or all regulated activities, by the next business day.
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Forms and TemplatesPublished Date: 08 October 2018
Form 16 - Notification to Change Particulars for a Representative
Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS when there are changes to a representative's particulars such as changes in identification and contact details, within 14 days after the date of the change.
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Forms and TemplatesPublished Date: 08 October 2018
Form 3B - Notification for Appointment of a Provisional Representative
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of provisional representatives relocating to Singapore with past experience in conducting regulated activities.
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Forms and TemplatesPublished Date: 08 October 2018
Form 6 - Notification to Add Activity/Activities of a Representative
Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS before an appointed representative adds other type(s) of regulated activity or activities.
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Forms and TemplatesPublished Date: 08 October 2018
Form 1A - Application for a Capital Markets Services Licence for Fund Management Company
Form for entities to apply to be a licensed fund management company. Entities that intend to commence business as registered fund management companies or venture capital fund managers should submit Form 22A or Form 1V respectively.
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Forms and TemplatesPublished Date: 08 October 2018
Form 2 - Application for Variation of a Financial Adviser's Licence
Form for licensed financial advisers to apply for additional type(s) of financial advisory service or product(s).
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Forms and TemplatesPublished Date: 08 October 2018
Form 7 - Notification to Add Activity/Activities of a Representative
Form for licensed financial advisers and exempt financial advisers to notify MAS before an appointed representative adds additional type of financial advisory service or product.
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Forms and TemplatesPublished Date: 08 October 2018
Form 10 - Notification for the Cessation of a Representative in any or all of the Financial Advisory Services
Form for licensed financial advisers and exempt financial advisers to notify MAS of the cessation of a representative in any or all of the financial advisory services. The form is to be submitted no later than the next business day.
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CircularsPublished Date: 08 October 2018
CMI 01/2011 Due Diligence Checks and Documentation in Respect of the Appointment of Appointed, Provisional, and Temporary Representatives
This circular applies to capital markets services licensees, banks, merchant banks, finance companies and insurers. It sets out the requirements on due diligence checks and documentation relevant to the fit and proper certification of their representatives.
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RegulationsLast Revised Date: 08 October 2018
Securities and Futures (Licensing And Conduct Of Business) Regulations
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
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Forms and TemplatesPublished Date: 08 October 2018
Form 18 - Notification to Change Particulars for a Representative
Form for licensed financial advisers and exempt financial advisers to notify MAS when there are changes to a representative's particulars such as changes in identification, business interests and contact details or address. The form is to be submitted no later than 14 days after the date of the change.
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Forms and TemplatesLast Revised Date: 08 October 2018
Form 3D - Notification of the Completion of Examination Requirements by a Provisional Representative
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the completion of the examination requirements by a provisional representative.
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FAQsPublished Date: 30 August 2018
System Training Video for Financial Institutions on the Use of the Corporations and Representatives System (CoRe) for the Submission of Representative Notifications to MAS
Provides guidance to financial institutions on the submission of representative notifications though the CoRe system.
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GuidelinesPublished Date: 01 November 2016
Guidelines on Criteria for the Grant of a Capital Markets Services Licence Other Than for Fund Management and Real Estate Investment Trust Management [SFA 04-G01]
How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
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GuidelinesPublished Date: 01 January 2016
Guidelines to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management [SFA 04-G07]
How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.
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GuidelinesPublished Date: 07 August 2012
Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies [SFA 04-G05]
How to qualify to be and conduct your business as a fund manager.
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GuidelinesPublished Date: 26 November 2010
Guidelines on Criteria for the Grant of a Financial Adviser's Licence [FAA-G01]
Guidance on the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act (Cap. 110).
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ConsultationsPublished Date: 10 December 2007
Proposed Fees under the Representative Notification Framework
Proposed fee structure under the notification framework for all representatives in the banking, insurance and capital markets sectors, aimed at streamlining and ensuring greater consistency in the process for allowing representatives to conduct regulated activities.
- Consultation number:
- P015 - 2007
- Start date:
- 10 December 2007
- Closing date:
- 18 January 2008
- MAS response date:
- 27 June 2008
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ConsultationsPublished Date: 20 March 2003
Consultation Paper on Granting of Temporary Capital Markets Services Representative's Licence
Proposed criteria for granting temporary licence to individuals residing outside Singapore who plan to conduct regulated activities in Singapore for a limited period of time.
- Consultation number:
- -
- Start date:
- 20 March 2003
- Closing date:
- 19 April 2003
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RegulationsPublished Date: 23 May 2002
Securities and Futures (Opportunity to be Heard) Regulations
Provides for a person to be given an opportunity to be heard by MAS and to be given at least 10 days to submit any written supporting documents as to why MAS should reconsider the decision it intends to make.