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

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.