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Markets/types of Capital Markets Entities in Singapore

This document outlines the different types of capital markets entities in Singapore, including broker-dealers, fund managers, REIT managers, and financial advisers. It provides a table that describes each entity, the act that governs it, and required licensing. Some entities like broker-dealers and corporate finance advisers are governed by the Securities and Futures Act and require a Capital Markets Services licence. Other entities like fund managers and approved CIS trustees have specific licensing and registration requirements under the SFA.

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18 views

Markets/types of Capital Markets Entities in Singapore

This document outlines the different types of capital markets entities in Singapore, including broker-dealers, fund managers, REIT managers, and financial advisers. It provides a table that describes each entity, the act that governs it, and required licensing. Some entities like broker-dealers and corporate finance advisers are governed by the Securities and Futures Act and require a Capital Markets Services licence. Other entities like fund managers and approved CIS trustees have specific licensing and registration requirements under the SFA.

Uploaded by

sigitsutoko8765
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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https://www.mas.gov.

sg/regulation/capital-
markets/types-of-capital-markets-entities-in-
singapore

Types of Capital
Markets Entities in
Singapore
Capital markets entities include broker-dealers,
fund managers, REIT managers, corporate
finance advisers, securities-based
crowdfunding operators, credit rating agencies,
approved CIS trustees, licensed trust
companies and financial advisers. Find
descriptions for each entity, including
regulated activities and licensing
requirements.

Overview
Refer to the table for the types of capital
markets entities and how they are governed.

Entity Governing Licensing and


Act Registration
Broker-dealers Securities Capital markets
Corporate and Futures services (CMS)
finance Act (SFA) licence
advisers
Credit rating
agencies
Real estate
investment
trust (REIT)
managers
Securities-
based
crowdfunding
operators
Fund managers SFA Fund management
licensing and
registration
Approved CIS SFA Approval of CIS
trustee trustee
Licensed trust Trust Trust business
companies Companies licence
Act (TCA)
Financial Financial Financial adviser's
advisers Advisers licence
Act (FAA)
Markets and SFA Approved
exchanges exchange (AE) or
recognised market
operator (RMO)
Clearing SFA Approved clearing
houses house (ACH) or
recognised
clearing house
(RCH)
Trade SFA Licensed trade
repositories repository (LTR)
or licensed foreign
trade repositor
(LFTR)
Benchmark SFA Authorised
administrators benchmark
and submitters administrator,
authorised
benchmark
submitter and
designated
benchmark
submitter

Types of Entities
Find out about the activities, regulations and
licensing requirements of each capital markets
entity.

Approved CIS Trustees


Broker-Dealers
Corporate Finance Advisers
Credit Rating Agencies
Real Estate Investment Trust (REIT) Managers
Securities-based Crowdfunding Operators
Licensed Trust Companies
Fund Managers
Financial Advisers
Markets and Exchanges
Clearing Houses
Trade Repository
Benchmark Administrator and Submitter

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