Clifford Chance
Exempt fund managers - how the enhanced regulatory regime impacts you [Japanese version]
13 September 2012
The Monetary Authority of Singapore (MAS) announced on 6 August 2012 that the implementation of the enhanced regulatory regime for fund management companies (FMCs) would take effect from 7 August 2012.
This marks the end of a series of public consultations undertaken by the MAS since April 2010, the developments of which have been closely watched by the fund management industry.
This briefing focuses on the impact of the enhanced regulatory regime for existing exempt FMCs which intend to continue their fund management business in Singapore, operating under the enhanced regulatory regime (this accordingly assumes that such exempt FMCs do not manage retail monies nor carry out any other regulated activities).
The briefing includes a table summarising the key criteria and ongoing requirements for registered FMCs and accredited / institutional licensed FMCs under the Securities and Futures Act.
