Singapore is proposing a brand new regulatory regime for hedge funds – one that industry observers say will create a robust regulatory framework and help significantly in making the city’s hedge fund industry world class. The proposals, at consultation stage right now, do away with the exempt status for smaller fund managers, and instead suggest a three-tier system. This comprises the notified FMC,licensed accredited/institutional FMC and licensed retail FMC.
Woon Hum Tan
“It is a good, forward looking and moderate structure – not entirely new but rather an evolution with additional requirements and features —