Knowledge

Holland & Marie has collected a library of articles and helpful links on various regulatory topics.   For assistance with applying for a license or ongoing compliance, please email us at info@hmcompliance.com.    

For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at funds@hmcompliance.com.

Overview

Fund Management Licensing and Registration (MAS) 

Laws

Securities and Futures Act (Chapter 289) (MAS)

Regulations

Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations

Securities and Futures (Licensing and Conduct of Business) Regulations

Second Schedule – Exemptions from Section 82(1) and 99B(1) of SFA

Notices

Notice SFA 04-N02 to Capital Markets Intermediaries on Prevention of Money Laundering and Countering the Financing of Terrorism

Notice SFA 04-N09 Minimum Entry and Examination Requirements for Representatives of Holders of Capital Markets Services license and Exempt Financial Instutions under the SFA

Notice SFA 04-N11 Reporting of Misconduct of Representatives by Holders of Capital Markets Services License and Exempt Financial Institutions

Notice SFA 04-N13 Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licenses  

Notice SFA 04/13-N01 Cancellation Period for Unites in Authorised Collective Investment Schemes

Notice SFA 04-N16 on Execution of Customer’s Orders

Notice SFA 04-N10 Entry Requirements of a Provisional or Tempory Representative 

Notice SFA 13-N02 Annual Declaration for Notifications of Restricted Schemes

Notice CMG-N01 on Reporting Suspicious Activities and Incidents of Fraud

Notice CMG-N02 Technology Risk Management

Notice CMG-N03 Cyber Hygiene

Guidelines 

Guidelines on Environmental Risk Management for Asset Managers (8 December 2020)

Guidelines to Notice SFA 04-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism – Capital Markets Intermendiaries (MAS) (30 November 2015)

Guidelines on Individual Accountability and Conduct (MAS) (10 September 2019)

Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies

Guidelines on Liquidity Risk Management Practices for Fund Management Companies

Guidelines on Risk Management Practices – Board and Senior Management

Guidelines on Business Continuity Management

Guidelines on Risk Management Practices – Internal Controls

Guidelines on Risk Management Practies – Liquidity Risk

Guidelines on Risk Management Practices – Objectives and Scope

Guidelines to Notice SFA04-N16 on Execution of Customers’ Orders

Guidelines on Fit and Proper Criteria

Guidelines on Outsourcing

Guidelines on Licene Applications, Representative Notification and Payment of Fees

Guidelines on Standards of Conduct for Marketing and Distribution Activities by Financial Institutions

Guidelines on Maintaining Records of Approval for Advertisements or Publications  

Guidelines on the Application of Section 339 (Extra-Territoriality) of the Securities and Futures Act

Guidelines onf Safeguarding the Integrity of Singapore’s Financial System

Guidelines on Electronic Offers of Securities, Securities-based Derivatives Contracts or Units in Collective Investment Schemes

Strengthening Capital Markets Intermediaries’ Oversight over AML/CFT Outsourcing Arrangements

MAS Compliance Toolkits

Compliance Toolkits for Approvals, Notifications and Other Regulatory Submissions to MAS for Fund Managers

Articles

Singapore Variable Capital Company (Acclime) (25 August 2020)

The Singapore Variable Capital Company – A new tool in the box for asset managers (ReedSmith) (1 July 2020)

Singapore Variable Capital Company (PWC) (20 April 2020)

Singapore Launches New Fund Vehicle (Simmons & Simmons) (17 February 2020)

Singapore – A Legal Overview of the Singapore Variable Capital Company (Sabara Law) (12 February 2020)

Variable Capital Company (WMH Law Corporation) (29 January 2020)

Variable Capital Companies: Singapore introduces an alternative vehicle for fund management (ZICO) (28 January 2020)

The Singapore variable capital company – A new flexible business vehicle tailored for investment funds (Allen & Gledhill) (4 December 2019)

The Variable Capital Company: A new corporate structure for funds in Singapore (Allen & Overy)

MAS consults on requirements for proposed AML/CFT framework for VCCs (CNP Law)

Basics of a Variable Capital Company (CNP Law)

Variable Capital Company 101 (CNP Law)

Understanding the Singapore Variable Capital Company (PWC)

Singapore’s New Variable Capital Companies Regime (IQEQ)

SFC Sets Standards for Virtual Asset Portfolio Managers and Fund Distributors (Charltons Quantum )

Setting up PE & VC Funds in Singapore (SVCA)

Upcoming VCC Framework to Encourage Investment Funds to Domicile in Singapore (Allen & Gledhill)

Variable Capital Company Model Constitutions and Guidance Notes (Singapore Academy of Law)  

Others

FAQ on Risk Based Capital Requirements (MAS)

Navigating Asia: Your compass to cross-border fund distribution (Deloitte)

Variable Capital Companies Grant Scheme

Regulations and Responsibilities affecting directors and senior managers of asset managers (Baker & McKenzie) (2020)

Get started with setting up a hedge fund business (Simmons & Simmons)

FAQ on the Licensing and Registration of Fund Management Companies (MAS)  (25 October 2019) 

MAS Speech on VCC Framework

Applying to the SFC for a Type 9 (Asset Management) License in Hong Kong (Charltons Law)

Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invested in Virtual Assets.

For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at funds@hmcompliance.com.

Reference materials for LFMC Application

Application form – Form 1A – Application for a Capital Markets Services License for Fund Management Company

Understand requirements for being registered – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies (25 October 2019)

Understand ongoing compliance requirements – Compliance Toolkit (MAS) (October 2020)

MAS Overview – Fund Management Licensing and Registration (MAS)

FAQ on the Licensing and Registration of Fund Management Companies (MAS)  (25 October 2019)

 

For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at funds@hmcompliance.com.

Reference materials for RFMC notification

Application form – Form 22A – Notice of Commencement of Business as a Registered Fund Management Company

Understand requirements for being registered – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies (25 October 2019)

Understand ongoing compliance requirements – Compliance Toolkit (MAS) (October 2020)

MAS Overview – Fund Management Licensing and Registration (MAS)

FAQ on the Licensing and Registration of Fund Management Companies (MAS)  (25 October 2019)

 

For assistance with applying to become a licensed fund management company, a registered fund management company or a venture capital fund manager, or setting up a variable capital company (“VCC”), please email us at funds@hmcompliance.com.

Reference materials for VCFM Application

Application form – Form 1V – Application for a Capital Markets Services License for Venture Capital Fund Manager

VCFM Admission & Ongoing Requirements (MAS)

Understand requirements for being licensed – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies (25 October 2019)

Understand ongoing compliance requirements – Compliance Toolkit (MAS) (October 2020)

MAS Overview – Fund Management Licensing and Registration (MAS)

FAQ on the Licensing and Registration of Fund Management Companies (MAS)  (25 October 2019)