MAS Licensing

The Monetary Authority of Singapore (MAS) is the regulatory authority responsible for issuing fund management company licenses in Singapore. To apply for a fund management company license, you will need to follow these steps:

STEP 1 : MEET THE ELIGIBILITY CRITERIA

To be eligible for a fund management company license, you must meet certain criteria, including having a minimum base capital of S$250,000, having at least two directors with relevant experience, and being a company incorporated in Singapore.

STEP 2 : PREPARE THE APPLICATION

The next step is to prepare the application for the fund management company license. This involves filling out the necessary forms and providing the required documents, such as the business plan, financial statements, and details of the directors and shareholders.

STEP 3 : SUBMIT THE APPLICATION

Once the application is complete, you can submit it to the MAS for review. The MAS will assess the application and may request additional information or clarification if needed.

STEP 4 : AWAIT APPROVAL

Await Approval: If the application is approved, you will receive the fund management company license from the MAS. If the application is not approved, you will receive a letter explaining the reasons for the rejection.

STEP 5 : COMPLY WITH REGULATORY REQUIREMENTS

Once you have received the fund management company license, you must comply with the regulatory requirements set by the MAS. These include ongoing reporting requirements, compliance with anti-money laundering and counter-terrorism financing regulations, and regular audits and inspections.

Overall, applying for a fund management company license in Singapore can be a complex process. It is important to work with experienced professionals, such as lawyers or regulatory consultants, to ensure that your application is complete and meets all relevant requirements.