Are fund administrators regulated in Singapore?

Fund management activities in Singapore are regulated by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act (Cap. 289) (SFA).

How do I become a licensed fund manager in Singapore?

Staffing requirements

1. Minimum of 3 full-time Singapore-based employees each with at least 5 years of relevant experience.
2. Proposed CEO must have at least 10 years of relevant experience.
3. Independent and dedicated compliance function in Singapore required.

Are fund administrators regulated?

Is fund administration regulated in your jurisdiction? Fund administration activities, such as accounting, financial reporting and performance-related services, are generally not subject to regulation in the United States. Often, funds outsource these activities to third-party administrators.

How do I start a fund in Singapore?

The fund managers planning to market a fund to retail investors will have to obtain a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) under the Securities and Futures Act (Chapter 289) (SFA). A minimum capital requirement must be met to qualify for the CMS License.

What is a CMS license?

A company must hold a capital markets services (CMS) licence to conduct activities regulated under the Securities and Futures Act . Individuals representing CMS licensees or exempt financial institutions need to be appointed as representatives.

How much do fund administrators charge?

Additionally, these administrators often provide some of the best customer service – usually the manager will be able to talk to the principal at any time. For these administrators, the manager will be looking at a start-up fee of anywhere from $500 – $1,500 and then a monthly administration fee of $750 – $1,500.

How do I start a private investment company in Singapore?

You can only fully establish the company in Singapore after following up the registration process with:

1. Corporate bank account registration.
2. Appointment of a resident company secretary within 6 months of incorporation.
3. Applications for relevant government business schemes and programs.
4. Annual compliance tax filing.

Is hedge fund legal in Singapore?

Regulatory framework There is no statutory or judicial definition of a hedge fund under Singapore law. However, a hedge fund is typically classified as a collective investment scheme (CIS), as defined under the Securities and Futures Act (SFA), Chapter 289 of Singapore.

What does a fund admin do?

Fund administration is a service whereby a third-party company acts as an intermediary between fund managers and investors to verify and distribute assets tied to investments.