Regulatory Alerts2026-07-02
Added
Guidelines on Liquidity Risk Management Practices for Fund Management Companies
The Monetary Authority of Singapore issued these guidelines to establish sound liquidity risk management practices for licensed fund management companies. The document mandates the adoption of liquidity management tools and stress testing to address mismatches between asset liquidity profiles and collective investment scheme redemption terms. It further specifies reporting obligations for significant redemptions and fund gating or suspensions via FormSG and MAS-Tx.
Guidelines
Last Revised Date: 02 July 2026
Guidelines on Liquidity Risk Management Practices (Fund Management Companies) [SFA 04-G08]
Guides fund managers on sound liquidity risk management practices in fund structures.
Liquidity Risk
Disclosures
Investment Management
Applies to:
Licensed Fund Management Company
,
Venture Capital Fund Management Company
View Document
Guidelines on Liquidity Risk Management Practices (Fund Management Companies) [SFA 04-G08]
(422.5 KB)
These guidelines apply to licensed fund management companies (FMCs).
They provide guidance on sound liquidity risk management practices that FMCs should consider and adopt. They include the use of liquidity management tools and stress testing, to manage the risk mismatches in the liquidity profile of the assets and the redemption terms in collective investment schemes managed by FMCs.
(a) The Significant Redemption Report should be lodged online via FormSG
and
(b) The Fund Gating and Suspension Report via FormSG
.
After submission, FIs may view a record of their submission by logging into MAS-Tx
.
1 Aug 2024 Previous version issued on 1 Aug 2024 (218 KB) [Cancelled]
16 Aug 2018 Previous version issued on 16 Aug 2018 (539.9 KB) [Cancelled]
Sets out the best practices that managers, approved trustees, VCC directors and VCC custodians of collective investment schemes offered to retail public are expected to observe on management, operation and marketing of the schemes.
This information paper sets out MAS’ supervisory expectations of effective liquidity risk management (LRM) frameworks and practices and includes key findings from our thematic liquidity inspections and review of prospectuses, which focused on collective investment schemes (CIS) offered to retail investors.
This circular sets out the reporting requirements for significant redemption, gating and suspension of funds by licensed and registered fund management companies.
Guidelines for financial institutions on managing their liquidity risk.