Singapore exempt fund manager regime: The FAQs are a sign

Author: | Published: 25 Mar 2010

It is by now an open secret that the highly successful regulatory regime for exempt fund managers in Singapore is likely to be changed. What is less certain is the exact form these changes will take and the effect on a scheme that has attracted scores of fund management firms to establish operations in Singapore.

Speculation is that the Monetary Authority of Singapore (MAS) will seek public feedback on proposed changes in the first half of this year. Until then, there is a sense of unease within the industry. Current exempt fund managers worry if they will meet the new criteria or have to wind up their Singapore operations. Potential ones consider waiting but worry they may be disappointed in the end.

The regime At present, the regulatory regime for fund managers seeking to rely on an exemption from licensing permits a person resident in Singapore, who undertakes fund management activity...