Notices
Notice SFA 04-N13 Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licences
How to comply with risk based capital adequacy requirements.
Issued pursuant to:
Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations section 2B , section 5A and section 6 .
Applies to capital markets services (CMS) licensees, except CMS licensees that are credit rating agencies or venture capital fund managers.
Sets out the methodology for calculation of:
- Financial resources or adjusted net head office funds, whichever is applicable; and
- Total risk requirements.
Amendment Notes
- 20 Oct 2017
- Notice SFA04-N13 (Amendment) 2017 (149.3 KB) takes effect.
- 01 Nov 2016
- Notice SFA04-N13 (Amendment) 2016 (22.9 KB) takes effect.
- 06 Mar 2014
- Notice SFA04-N13 (Amendment) 2014 (101.7 KB) takes effect.
Related to this Notice
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FAQsPublished Date: 08 October 2018
FAQs on Lodgement of Financial Returns under the Securities and Futures (Financial and Margin Requirements) Regulations
Provides guidance on the requirements and procedures relating to the lodgement of financial returns by capital markets services licensees.
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Forms and TemplatesPublished Date: 08 October 2018
Form 8 - Statement of Exposure to Margin Customers
Form for capital markets services licensees providing product financing to provide information on their exposures to margin customers. This form must be submitted within 14 days from the end of each quarter.
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Forms and TemplatesPublished Date: 08 October 2018
Form 3 - Statement relating to the Accounts of a Holder of a Capital Markets Services Licence (For Submissions after the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to submit their audited annual profit and loss accounts to MAS. This form must be submitted within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending after 31 December 2018.
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Forms and TemplatesPublished Date: 08 October 2018
Form 4 - Statement Relating to the Accounts of a Holder of a Capital Markets Services Licence and Supplementary Information
Form for capital markets services licensees to submit supplementary information on their annual balance sheet and profit and loss accounts. This form must be submitted within five months from the end of the financial year.
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Forms and TemplatesPublished Date: 08 October 2018
Form 1 - Statement of Assets and Liabilities (For Submissions After the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to provide a breakdown of their assets and liabilities. This form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending after 31 December 2018.
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Forms and TemplatesPublished Date: 08 October 2018
Form 9 - Statement of Exposure to Margined Single Specified Product
Form for capital markets services licensees providing product financing to provide information on their exposures to specified products. This form must be submitted within 14 days from the end of each quarter.
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Forms and TemplatesPublished Date: 08 October 2018
Form 2 - Statement of Financial Resources, Total Risk Requirement and Aggregate Indebtedness (For Submissions After the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to provide a breakdown of their financial resources, total risk requirement and aggregate indebtedness. This form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending after 31 December 2018.
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RegulationsLast Revised Date: 08 October 2018
Securities And Futures (Financial And Margin Requirements For Holders Of Capital Markets Services Licences) Regulations
Sets out the minimum capital and financial resources, and other financial and margin requirements.
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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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Forms and TemplatesPublished Date: 31 December 2013
Form 5 - Auditor’s Report - For a Holder of a Capital Markets Services Licence
Form for capital markets services licensees to submit their auditor's reports on their businesses. This form must be submitted within five months from the end of the financial year.
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Forms and TemplatesPublished Date: 31 December 2013
Form 6 - Auditor’s Certification - For a Holder of a Capital Markets Services Licence
Form for capital markets services licensees to submit their auditor's certifications on their audited financial statement. This form must be submitted within five months from the end of the financial year.
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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: 28 March 2008
Guidelines on the Calculation of Counterparty Risk Requirement for Specified Structured Warrants under Paragraph 3(2) of the Third Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations [FMR N02]
Specifies how counterparty risk requirements should be computed for specified structured warrants. The guidelines are not applicable to capital computations after 3 April 2015 and financial returns after 1 July 2015.
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GuidelinesPublished Date: 06 November 2007
Guidelines on the Specification of Entities under Sub-paragraph (b)(vi) of the Definition of "Qualifying Deposit" in Paragraph 1(4) of the Second Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations [FMR N01]
Specify the qualifying deposits from certain entities which are carved out from the computation of counterparty exposure. The guidelines are not applicable to capital computations after 3 April 2015 and financial returns after 1 July 2015.
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Forms and TemplatesPublished Date: 20 December 2006
Form 1 - Statement of Assets and Liabilities (For Submissions Until the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to provide a breakdown of their assets and liabilities. The form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending before or on 31 December 2018.
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Forms and TemplatesPublished Date: 20 December 2006
Form 3 - Statement relating to the Accounts of a Holder of a Capital Markets Services Licence (For Submissions Until the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to submit their audited annual profit and loss accounts to MAS. This form must be submitted within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending before or on 31 December 2018.
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Forms and TemplatesPublished Date: 20 December 2006
Form 2 - Statement of Financial Resources, Total Risk Requirement and Aggregate Indebtedness (For Submissions Until the Quarter/Financial Year Ended 31 December 2018)
Form for capital markets services licensees to provide a breakdown of their financial resources, total risk requirement and aggregate indebtedness. This form must be submitted within 14 days from the end of each quarter, and within five months from the end of the financial year. This version is for submissions in respect of any quarter or financial year ending before or on 31 December 2018.
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Forms and TemplatesPublished Date: 09 June 2005
Form 7 - Statement of Aggregate Margin Exposure to Single Approved Exchange
Form for capital markets services licensees providing product financing to provide information on margin exposures to various approved exchanges. This form must be submitted within 14 days from the end of each quarter.