Regulatory Alerts2022-01-01
Financial Services (Family Office) (Amendment) Rules 2022
The Financial Services Commission amended the Financial Services (Family Office) Rules 2020 to establish a USD 5 million minimum aggregate value for assets and investments managed by a SFO or MFO. This change replaces the previous threshold in Rule 5 and applies to all licensed family offices operating under the principal rules. The amendment was issued on 21 September 2022 and is deemed to have taken effect retroactively from 30 September 2022.
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