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Streamlined regulatory framework for fund managers fits with industry’s growth in Singapore: market observers

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Navene Elangovan

Published Wed, Oct 25, 2023 · 08:19 PM
    • Smaller companies can face challenges in meeting the new requirements under MAS' plans to streamline the regulatory framework for fund managers.
    • Smaller companies can face challenges in meeting the new requirements under MAS' plans to streamline the regulatory framework for fund managers. PHOTO: ST FILE

    THE proposed streamlining of the regulatory framework for fund managers is timely given the growth of Singapore’s fund management industry and will help to strengthen compliance within the industry.

    However, smaller players could face challenges in meeting the more stringent requirements and exit the industry altogether, said market observers.

    Their comments come a day after the Monetary Authority of Singapore (MAS) announced that it would repeal the registered fund management company (RFMC) regime.

    Monetary Authority of SingaporeFund management

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