Fri, Feb 27, 2015
A A A
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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th