Singapore Funds Industry Group (SFIG) to Strengthen Singapore’s Fund Management Ecosystem

      New Singapore Funds Industry Group to Strengthen Singapore’s Fund Management Ecosystem

      The Monetary Authority of Singapore (MAS) announced on 27 April 2021 the establishment of the Singapore Funds Industry Group (SFIG) – a new partnership between MAS and industry stakeholders to lead the promotion, development and sustainable growth of Singapore’s asset management industry, and enhance Singapore’s value proposition as a leading full-service asset management and fund domiciliation hub by identifying emerging industry trends, new market opportunities, recommending appropriate standards, developmental initiatives and innovative solutions, and formulating strategies to develop the asset management ecosystem.

      The SFIG bring together the key players across the entire asset management value chain – fund managers and service providers, such as lawyers, tax advisors, fund administrators and directors – who work closely to support a fund’s operations throughout its life cycle in areas such as fund structuring and set-up, fund administration, regulatory reporting, tax advisory, and fiduciary oversight.

      The SFIG Executive Committee (ExCo) is co-chaired by Mr Kai-Niklas Schneider, Managing Partner, Head of Funds and Investment Group, Clifford Chance Singapore and Ms Gillian Tan, Assistant Managing Director (Development & International), MAS. The ExCo comprises senior industry leaders and industry associations representing fund managers and fund service providers, and they lead 4 working groups – covering Infrastructure and Innovation, Policy, Capabilities and Training, Promotion and Advocacy.

      The MAS announcement can be found here, and more information on SFIG can be found on its website at www.SingaporeFunds.sg .

      Argus Global (now Waystone Compliance) is well-positioned to serve the rapid growth of the fund management industry in Singapore and be instrumental to build a value proposition and Singapore as a funds domiciliation hub. Reach out to us at compliancesolutions@waystone.com if you wish to know more.

      Follow us on LinkedIn for regular updates.

      Previous post Next post
      Share

      More like this

      Introduction to Fund Setup in Singapore

      A fund is a pool of money set aside for a specific purpose. These pools of money are often invested…
      Read more

      Fund Management Company, Venture Capital – Singapore Series

      Venture Capital Fund Management (VCFM) A Fund Management Company is a business in which licensed or registered managers manage the…
      Read more

      MAS Requirements on Cyber Hygiene

      Monetary Authority of Singapore (“MAS”) released a Notice on Cyber Hygiene on 6th August 2019 to raise cyber security standards and…
      Read more

      Compliance Outsourcing and Secondment

      All regulated financial institutions in Singapore are required to ensure they have suitable compliance arrangements in place to assist in…
      Read more

      How to Setup an External Asset Management Business in Singapore

      How can Argus (now Waystone Compliance) Help to Setup External Asset Management Business in Singapore? We are an experienced regulatory consulting…
      Read more

      Strengthening AML/CFT Controls of Digital Payment Token (DPT) Providers

      The Monetary Authority of Singapore (MAS) recently released an infographic setting out recent international developments and MAS’ supervisory expectations on…
      Read more