Sun, Mar 18, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Singapore seeks to strengthen rules for fund management industry

Wednesday, May 09, 2012

From Komfie Manalo, Opalesque Asia: The Monetary Authority of Singapore (MAS) is seeking to strengthen its fund management industry through the implementation more internal control of the current and future players, reported Laven Partners, a global consulting firm focused on the alternative investment industry.

In an emailed statement, Laven said it had met with MAS officials last month and discussed the new rules set for implementation in the middle of this year.

"Under the existing regime, companies conducting fund management activities in Singapore must either hold a Capital Market Services license, or be exempted from the same. Fund management companies or FMCs who notify the MAS that they are not servicing more than 30 qualified investors may be exempted from licensing if they meet the exemption criteria. FMCs dealing with more than 30 qualified investors are however currently required to hold a CMS license," the report said.

The Monetary Authority proposes to divide the regulatory regime for fund managers into three categories:

1. Registered Fund Management Companies: FMCs whose AuM do not exceed S$250m and who serve no more than 30 qualified investors, of which no more than 15 are funds, will be categorised as Registered Fund Management Companies. The underlying investors of such funds will nevertheless have to be accredited investors. The Registered FMCs will be permitted to commence......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund mojo is back with investor hopes at six-year high, These hedge funds produce the most consistently great results[more]

    Hedge fund mojo is back with investor hopes at six-year high From Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore. Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG sur

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t