MAS Licensing

The financial services industry in Singapore is regulated by the Monetary Authority of Singapore (MAS), which operates under a legal framework governed by the Securities and Futures Act and the Financial Advisers Act.

The MAS provides for a single licensing regime. This means an intermediary needs to only hold a single license, either a Capital Markets Services or Financial Advisers License (MAS Licenses), in order to conduct one or more financial services regulated activities.

Kroll’s team has a deep understanding of the rules, guidelines and processes involved in obtaining an MAS license. We provide assistance from the initial corporate structuring stage through to the grant of a license to engage in regulated activities, as defined under the Securities and Futures Act.

We assist financial institutions and individuals by:

• Advising on the relevant license
• Assisting with the completion and review of all necessary MAS license application forms (for trust companies, banks, insurers, exchanges)
• Supporting the preparation of all compliance and application documentation, including documented procedures needed to meet regulatory compliance and risk management obligations
• Advising on regulatory capital requirements
• Liaising with the MAS on the application and responding in a timely manner

Our team works closely with third party advisors and service providers throughout the process to ensure a seamless delivery of service.