Regulatory Alerts2024-07-24
Added
Guidelines on Applications for Approval of Arrangements under Paragraph 9 of the Third Schedule to the Securities and Futures Act
The Monetary Authority of Singapore issued these guidelines to establish assessment criteria and information requirements for capital market licensees seeking approval for cross-border business arrangements with foreign related corporations. The document explicitly states that the Monetary Authority of Singapore no longer accepts applications under this framework because a notification framework was implemented on 9 October 2021. Consequently, this guidance is cancelled and superseded by the new regulatory regime governing cross-border services.
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