The Monetary Authority of Singapore (MAS) regulates financial institutions in Singapore’s capital markets and financial advisory space. Any person seeking to obtain effective control of capital markets services licence holders and licensed financial advisers (each, a Licensee) would be required to obtain MAS’ prior approval.
The Financial Institutions (Miscellaneous Amendments) Act 2024 has introduced updates to, among other things, the change of control approval framework in relation to Licensees under the Securities and Futures Act 2001 and the Financial Advisers Act 2001. These updates came into force on 24 January 2025.
This update discusses the key developments to the change of control approval framework.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
Rosabel NG
Partner – Financial Services Regulatory
d +65 6416 8269
e rosabel.ng@wongpartnership.com
Click here to view Rosabel’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
Melissa THAM
Partner – Financial Services Regulatory
d +65 6416 8226
e melissasm.tham@wongpartnership.com
Click here to view Melissa’s CV.