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.

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.

Form for capital markets services licensees to apply for additional type(s) of regulated activity/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.

Risk disclosure statement to be provided by CMS licensees, banks, merchant banks and finance companies to retail customers when opening trading accounts to trade in: (i) Futures contracts; (ii) Over-the-counter derivatives contracts of which the underlying is a currency or currency index; and (iii) Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading.

Risk disclosure statement to be provided by licensed fund management companies (other than venture capital fund managers) to prospective retail customers, prior to soliciting or entering into an agreement with customers to manage or guide their trading accounts by means of a systematic programme that recommends specific transactions, to trade in: (i) Futures contracts; (ii) Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading; or (iii) Over-the-counter derivatives contracts of which an underlying thing is a currency or currency index. This requirement does not apply to collective investment schemes.

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.

Form for banks, merchant banks, finance companies and insurers to notify MAS of their commencement of business or addition of regulated activity or activities. This form must be submitted at least 14 days before the commencement or addition of the regulated activity or activities.

Form for banks, merchant banks, finance companies and insurers to notify MAS of changes to their particulars. This form must be submitted within 14 days after the date of change.

Form for exempt corporate finance advisers when they cease their corporate finance advisory business. This form must be submitted within 14 days after the cessation of business.

Form for exempt corporate finance advisers to confirm on an annual basis their compliance with all exemption conditions and restrictions. This form must be submitted within 14 days from the end of the financial year.

Form for capital markets services licensees, other than licensed fund management companies, to apply for the appointment of a Chief Executive Officer or director; or to change a director’s role from non-executive to executive.

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.

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.

Form for banks, merchant banks, finance companies and insurers to provide a breakdown on the clientele type for each regulated activity and the business units involved in each activity. This form must be submitted within 14 days from the end of the financial year.

Form for banks, merchant banks, finance companies and insurers to notify MAS when they cease any regulated activity or activities. This form must be submitted within 14 days after the cessation of the regulated activity or activities.

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.

Form for registered fund management companies to notify MAS prior to their cessation of business in fund management.

Form for capital markets services licensees to notify MAS when there is a change of principal place of business within 14 days from the change.

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.

Form for entities to apply to be a registered fund management company. Entities that intend to apply for a capital markets services licence to conduct fund management (including as a venture capital fund manager) should submit Form 1A or 1V instead.

Stipulates the prohibited representations by exempt persons.

Form for registered fund management companies or venture capital fund managers to provide business information and declaration of compliance with relevant provisions. This form must be submitted within one month from the end of the financial year. View the user guide.

Guidelines for financial institutions on conducting marketing and distribution activities at retailers and public places targeting retailers.

Guidelines on procedures to apply for a Capital Markets Services (CMS) or Financial Advisory (FA) licence, appoint representatives and pay fees.

How to qualify to be a CMS licensee (other than a fund manager or REIT manager).

How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.

Form for auditors to provide their opinion on the audited accounts of registered fund management companies (RFMCs); RFMCs must submit this form within five months from the end of the financial year. View the user guide.

How to qualify to be and conduct your business as a fund manager.

Proposed (i) revisions to the regulatory regime for fund management companies, and (ii) removal of the licensing exemption for exempt leveraged foreign exchange traders, with clarification on the exemption regime for exempt corporate finance advisers and exempt financial advisers.

Consultation number:

P008 - 2010

Start date:

27 April 2010

Closing date:

31 May 2010

MAS response date:

28 September 2010

Notice for persons who have suffered pecuniary losses in relation to any entrusted money or property to inform MAS of their claims against the security deposit of certain capital markets services licensees dealing in capital markets products. Certain licensees are required to lodge a deposit of $100,000 under Regulation 7 of the Securities and Futures (Licensing and Conduct of Business) Regulations.

Form for registered fund management companies and venture capital fund managers to notify MAS of changes to their particulars and particulars of their directors, representatives, relevant professionals or shareholders. This form must be submitted within 14 days after the date of the change.