Extract from MAS Consultation Paper: “MAS considers that the RFMC regime [subject to lighter requirements regulatory requirements given the limits placed on assets under management and number of customers] has served its purpose.


Since the introduction of the RFMC regime, the fund management industry has matured and grown in terms of number of players and breadth of fund offerings.


A simplified regulatory regime with harmonised requirements for all fund managers will also serve to support sustainable growth of the fund management industry in the longer term.”


CFA Society Singapore Advocacy Committee would like to submit a collective response if there are substantive comments from interested members.

If you would like your identity to be kept confidential, please let us know in your response to us.


How to respond?

Respond via survey monkey by 3 December 2023. There is no need to answer all questions. However, do substantiate your views, and where possible, suggest amendments and/or ways to move forward.