Regulatory Alerts2002-05-23
Added
Securities and Futures (Opportunity to be Heard) Regulations
The Monetary Authority of Singapore issues this guidance to outline the scope of capital markets services licensing and the application of the Securities and Futures Act to various financial institutions. It details the qualification requirements for fund managers, capital markets services licensees, and REIT managers while establishing business conduct rules and exemption criteria. The document also provides specific forms and procedures for notifying the appointment of representatives and applying for licenses under the regulatory framework.
Provides guidance on • the scope of capital markets services licensing (other than for fund management companies) • appointment of representatives • business conduct rules • the application of the SFA and SF(LCB)R to banks, merchant banks, finance companies and insurers.
How to qualify to be and conduct your business as a fund manager.
Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of representatives.
Form for entities to apply for a capital markets services licence to conduct regulated activities under the Securities and Futures Act.
Form for capital markets services licensees to apply for additional type(s) of regulated activity/activities.
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.
Guidelines on procedures to apply for a Capital Markets Services or Financial Advisory licence, appoint representatives and pay fees.
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 capital markets services (CMS) licensees, 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 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.
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.