Singapore fund manager license

Can be outsourced as per the complexity and scale of business. Professional Indemnity Insurance None stipulated so far, but this should be commensurate to the scale, nature, and complexity of the specific setup.

Encouraged to be maintained. Reporting requirements Annual. The fund management licence application timeline can take about 4 months. We will take care of the entire company setup process, assist you in securing a fund management licence smoothly and ensure that all the regulatory and compliance needs are met in Singapore.

We can help you meet the compliance requirements and get your fund management business started with ease. Apply Now. Conversation Videos Contact Go. Any Amount. At least 1 of whom should be full-time and resident in Singapore. Criteria to Apply for a Fund Management Licence: When reviewing an application, MAS considers factors such as: Fitness and propriety of the applicant, its shareholders, and directors.

Track record and management expertise of the applicant and its parent company or major shareholders. Ability to meet the minimum financial requirements prescribed under the SFA.

Strength of internal risk management and compliance systems. How can Rikvin help? However, there are much fewer requirements imposed under this regime, and VC managers operating under the VCFM regime are exempt from most of the regulatory requirements that apply to licensed fund managers.

However, to ensure the continued high standards of integrity and safeguard against financial crime, MAS will continue to focus on the fitness and propriety assessment of VC managers. Under the VCFM regime, venture capital managers will still be required to:. The VCFM regime will also simplify the authorization process so VC managers can expect a much shorter application process. New applicants would be required to apply to MAS through the submission of Form 1V, with the relevant supporting documents.

Existing licensed fund management companies and registered fund management companies who wish to convert to the VCFM regime need only submit Form 1V to indicate their intention to make the transition.

They are not required to provide supporting documents. Disclaimer: This update is provided to you for general information and should not be relied upon as legal advice.

In December , Amit was named by Singapore Business Review as one of the 70 most influential lawyers in Singapore under the age of We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including hedge funds, private equity funds, venture capital funds, mutual funds, commodity funds and exchange traded funds.

Do you find the content interesting? Sign up for CNPupdate, our bi-monthly newsletter, and receive regular updates on legal issues. Please leave this field empty. MAS introduces simplified licensing regime for venture capital fund managers.