The Approved Exchanges (AEs) or Recognised Market Operators (RMOs) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act is granted only to a corporation.

The following forms should be used by a corporation to apply for an Approved Exchanges (AEs) or Recognised Market Operators (RMOs) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act:-

(a) To apply for an AE or RMO license Form 1A is used.
(b) To apply for an AE or RMO license Form 1B is used.

A non-refundable application fee of $4,000 is required to be paid by a corporation for an Approved Exchanges (AEs) or Recognised Market Operators (RMOs) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act.

Approximately 6 months required by the Monetary Authority of Singapore (MAS) to process and approve an application for an Approved Exchanges (AEs) or Recognised Market Operators (RMOs) license. Each application will be evaluated on a case-by-case basis. Processing time depends on the circumstances of each application and the completeness of the information submitted. Ensure that each application is complete, correct and accompanied by the requisite supporting documents.

An approved clearing house (ACH) or recognized clearing houses (RCH) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act is granted only to a corporation.

Form 1 (Application for Approval or Recognition as a Clearing Facility) should be used by a corporation to apply for an approved clearing house (ACH) or recognized clearing houses (RCH) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act.

A non-refundable application fee of $4,000 is required to be paid by a corporation for an approved clearing house (ACH) or recognized clearing houses (RCH) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act.

Approximately 6 months required by the Monetary Authority of Singapore (MAS) to process and approve an application for an approved clearing house (ACH) or recognized clearing houses (RCH) license. Each application will be evaluated on a case-by-case basis. Processing time depends on the circumstances of each application and the completeness of the information submitted. Ensure that each application is complete, correct and accompanied by the requisite supporting documents.

A non-refundable application fee of $4,000 is required to be paid by a corporation for a licensed trade repository (LTR) or licensed foreign trade repository (LFTR) license given by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act.

Approximately 6 months required by the Monetary Authority of Singapore (MAS) to process and approve an application for a licensed trade repository (LTR) or licensed foreign trade repository (LFTR) license. Each application will be evaluated on a case-by-case basis. Processing time depends on the circumstances of each application and the completeness of the information submitted. Ensure that each application is complete, correct and accompanied by the requisite supporting documents.

The following forms should be used by a corporation to apply as an authorized benchmark administrators (ABA), designated benchmark administrators (DBS) and authorized benchmark submitters (ABS) license under the Securities and Futures Act:-

(a) Form 7 (Application for Authorisation as an Authorised Benchmark Administrator) is used for the license of ABA, DBS and ABS.
(b) Form 9 (Application for Authorisation as an Authorised Benchmark Submitter) is used for the license of ABA, DBS and ABS.

A company should notify the Monetary Authority of Singapore (MAS) if it wishes to appoint representatives to conduct regulated activities on its behalf. An individual can be an appointed, provisional or temporary representative. An appointed representative is an employee or agent carrying out regulated activities on behalf of the company. A provisional representative is an experienced individual relocating to Singapore from overseas who is given a grace period of 3 months to meet the relevant examination requirements. A temporary representative may be the company’s employee residing overseas, who is designated to carry out the regulated activity on behalf of the company for a limited period of time.

A company should notify the Monetary Authority of Singapore (MAS) if it wishes to appoint representatives to conduct regulated activities on its behalf. An individual can be an appointed, provisional or temporary representative. An appointed representative is an employee or agent carrying out regulated activities on behalf of the company. A provisional representative is an experienced individual relocating to Singapore from overseas who is given a grace period of 3 months to meet the relevant examination requirements. A temporary representative may be the company’s employee residing overseas, who is designated to carry out the regulated activity on behalf of the company for a limited period of time.

A company should notify the Monetary Authority of Singapore (MAS) if it wishes to appoint representatives to conduct regulated activities on its behalf. An individual can be an appointed, provisional or temporary representative. An appointed representative is an employee or agent carrying out regulated activities on behalf of the company. A provisional representative is an experienced individual relocating to Singapore from overseas who is given a grace period of 3 months to meet the relevant examination requirements. A temporary representative may be company’s employee residing overseas, who is designated to carry out the regulated activity on behalf of the company for a limited period of time.

A company should notify the Monetary Authority of Singapore (MAS) if it wishes to appoint representatives to conduct regulated activities on its behalf. An individual can be an appointed, provisional or temporary representative. An appointed representative is an employee or agent carrying out regulated activities on behalf of the company. A provisional representative is an experienced individual relocating to Singapore from overseas who is given a grace period of 3 months to meet the relevant examination requirements. A temporary representative may be company’s employee residing overseas, who is designated to carry out the regulated activity on behalf of the company for a limited period of time.

The age limit for an individual that is appointed as representatives of a company to conduct regulated activities on its behalf should be at least 21 years old.

The following minimum entry requirements should be satisfied by the individuals who are to be appointed as provisional representatives:-

(a) An Individual is in the process of relocating or has already relocated to Singapore.
(b) An individual possesses at least 3 years of working experience relevant to the regulated activities to be conducted as a provisional representative.
(c) An Individual complying with the relevant examination requirements within 3 months of being appointed as a provisional representative.

The appointment of a provisional representative will be valid for a period of up to 3 months from the date of appointment of the provisional representative.

Form 3A should be used by an individual who intends to be an appointed representative of a company to conduct regulated activities on its behalf.

Form 3B should be used by an individual who intends to be a provisional representative of a company to conduct regulated activities on its behalf.

Form 3C should be used by an individual who intends to be a temporary representative of a company to conduct regulated activities on its behalf.

A fixed fee of $200 for each new lodgement should be paid by each representative of a company that conducts regulated activities on its behalf.

A fixed annual fee of $700 or $200 should be paid (depending on CMS regulated activities conducted) by each representative of a company that conducts regulated activities on its behalf.

The following criteria should be adopted by a real estate investment trust (REIT) managers for the holding of a capital markets services (CMS) license:-

(a) A REIT manager should satisfy MAS that it will discharge its duties, efficiently, honestly and fairly.
(b) A REIT manager should be a Singapore-incorporated company and have a permanent physical office in Singapore.
(c) A REIT manager should satisfy MAS that its controlling shareholders have established track records in managing, investing in, or advising on the type of real estate to be invested by the REIT, for the past 5 years at a minimum.

The following activities should be conducted by the real estate investment trust (REIT) managers in relation to the management of the REIT in Singapore?

(a) A REIT manager should conduct compliance activities in Singapore.
(b) A REIT manager should conduct investor relations activities in Singapore.
(c) A REIT manager should conduct accounting activities in Singapore.

According to section 96 of the SFA, the Real Estate Investment Trust (REIT) manager shall obtain the approval of the Monetary Authority of Singapore (MAS) on the following occasions:-

(a) Appointing a person as to its Chief Executive Officer or director.
(b) Changing the nature of the appointment of a director from non-executive to the executive.

A REIT manager should notify the Monetary Authority of Singapore (MAS) of the resignation of a director or the CEO as soon as practicable as and in any case no later than 14 days from the date of the resignation.

The Chief Executive Officer and directors of a Real Estate Investment Trust (REIT) manager should have at least 10 years of relevant experience including 5 years at a management level.

The Chief Executive Officer and directors of a Real Estate Investment Trust (REIT) manager should have at least 10 years of relevant experience including 5 years at a management level.

The Real Estate Investment Trust (REIT) manager should have a minimum of 3 full-time representatives (which may include the CEO) and who are resident in Singapore and have at least 5 years of relevant experience of REIT management.