Politics & Regulation

Singapore regulatory regime takes shape


Alternative fund managers will be put into a separate licensing category under rule changes proposed by the Monetary Authority of Singapore (MAS) that are expected to be enacted by late 2011. They are currently subject to the same licensing requirements as retail and mutual fund managers, said Han Ming Ho, head of the funds practice group at Clifford Chance in Singapore.

Existing regulations allow managers serving no more than 30 qualified investors to operate without an MAS licence, regardless of AUM, so long as they apply for an exemption. Under the new revisions, smaller managers will still be