RegAlertRule · MAS · 13 Jun 2017
Revision of Annual Fees for Local RMOs Effective 1 July 2017
The Monetary Authority of Singapore (MAS) is increasing the annual fee for locally-incorporated Recognised Market Operators from $10,000 to $20,000. This regulatory change takes effect on 1 July 2017 and marks the first adjustment since the fees were introduced in 2005. The revision is implemented to improve MAS' cost recovery mechanisms.
Circular No. MPI 02/2017
13 June 2017
The Chief Executive Officers of All Locally-Incorporated Recognised Market Operators under the Second Schedule of the Securities and Futures (Markets) Regulations REVISION OF ANNUAL FEES FOR LOCALLY-INCORPORATED RECOGNISED MARKET OPERATORS UNDER THE SECOND SCHEDULE OF THE SECURITIES AND FUTURES (MARKETS) REGULATIONS WITH EFFECT FROM 1 JULY 2017 We wish to inform you that MAS will be revising the annual fee for locally-incorporated Recognised Market Operators (“RMO”) under the Second Schedule of the Securities and Futures (Markets) Regulations from $10,000 to $20,000. The new fee will take effect from 1 July 2017. This is the first revision in 12 years since annual fees were introduced in 2005, and is necessary to improve MAS’ cost recovery. 2 Should you or your staff require any clarification, please do not hesitate to contact your RMO’s Review Officers from the Markets Policy and Infrastructure Department. Yours faithfully (sent via email) PHUA WEE LING DEPUTY DIRECTOR MARKETS POLICY AND INFRASTRUCTURE DEPARTMENT
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