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Compliance and Fund Management in Singapore

FUND MANAGEMENT

Compliance and Fund Management in Singapore

February 2022

Andrew Macintosh

Singapore is widely known as one of the world’s leading financial hubs due to its stable business environment, market access, and well-built financial system. Not to mention, its business-friendly environment, which attracts high net worth individuals to keep and grow their investments in the city-state.

Singapore also provides several tax incentives for corporations, making it an ideal region to expand one’s business, including the financial and fund management industry.

It’s important to remember that setting up a fund management company in Singapore is not without complications. There are several regulatory compliances that businesses must abide by. One of the first steps is to be a registered and licensed entity with the Monetary Authority of Singapore (MAS) under the Securities and Futures Act. There’s a minimum base capital required to register the company must have directors with enough experience in the finance world.


After being approved and licensed, fund management firms must comply with local laws, such as the anti-money laundering, and counter the financing of terrorism (AML/CFT) framework. Other policies include implementing a know your customer (KYC) procedure for potential customers. These policies are put in place to align with existing regulations, including identifying, addressing, and monitoring the risks associated with the business activities. They also ensure that business activities are subject to adequate internal audits.

Such rigorous compliance and frameworks must be met to keep one’s licence as a fund management service provider. This should be expected if Singapore wants to remain a dependable financial hub where individuals’ assets are managed with security. MAS always monitors the evolving financial needs of its citizens and residents. Regulations and compliance is not a constant; it’s continuously changing to keep up with the times and meet people’s needs.

Keeping up with the changing laws and regulations on your own can be a time-consuming and complicated process that may lead to inefficient business processes. Additionally, you may not have the expertise and understanding of the law, a crucial component to keep your fund management in business. Partnering with a third party with expertise regarding Singaporean laws and compliance may come in handy.

Lanturn’s experts have years of experience and are ready to assist you in everything from applying for a licence to providing you with a regulatory framework. Our experts will guide you every step of the way and submit the necessary documents to the relevant authorities. Enjoy peace of mind as your compliance needs are taken care of!

Want to let us do the heavy lifting starting today? Don’t hesitate to contact us now!

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