Preparation of required documentation
Completing the license application
Application submission to regulator(s)
Respond to any queries from regulator(s)
Regulatory Compliance
We provide assistance from the initial corporate structuring stage through to the grant of a license to engage in regulated activities, as defined under the Securities and Futures Act (“SFA”).
The following activities require a “CMS” license under the “SFA”:
Whilst the Monetary Authority of Singapore (MAS) has published several guidelines to provide more clarity on the license application process, each financial intermediary’s model and activities may be different from another. Our licensing professionals will be able to provide you with appropriate advice to help you navigate the license application process.
A company will need a Recognised Market Operator (“RMO”) or Approved Exchange (“AE”) license if it wishes to operate an organised market as defined under Part I of the First Schedule to the Securities and Futures Act.
A market operator is essentially an entity operating a facility which facilitates the price discovery and formation of issued securities in a centralised manner. Through the interaction of bids and offers, participants of a market can have a sense of the supply and demand and thus determine the price of securities. Market operators need to either be approved by MAS as an Approved Exchange, or a Recognised Market Operator, or be an exempt market operator.
If you feel you require further consultation on this matter, please do not hesitate to reach out to us to discuss the matter further so that we may help you to get a more comprehensive overview.
The first step for payment service providers is to understand the regulatory classification of the payment service(s) they are providing, including to consider whether they may require a license beyond payment services such as a license for dealing in securities.
There are seven different kinds of payment service activities under the Payment Services Act (“PSA”):
Under the Payment Services Act (“PSA”), payment service providers have to be licensed under one type of license class namely:
If you feel you require further consultation on this matter, please do not hesitate to reach out to us to discuss the matter further so that we may help you to get a more comprehensive overview.
Business Model
Breaking down the complexities of their business and identifying the necessary structural changes for them to go digital.
Performance Improvement
Offering strategic consultation that helps their business to prioritize their objectives, addressing their business challenges and improving organizational processes to take their company performance to the next level.
Customer Experience Strategy
Help to build a unique user centric experience that focuses on creating a strong value proposition for their products and services to accelerate their business growth.
New Market Development
Help to discover new opportunities and unlock growth capabilities by uncovering new market segments for their products and services.
Discover how we can help accelerate your business growth through our FREE digital strategy session.