The Monetary Authority of Singapore (MAS) has announced the initiation of a public consultation regarding its plan to simplify the regulatory framework for fund managers. The proposal entails the removal of the current Registered Fund Management Companies (RFMCs) regime, with the intention of approving existing RFMCs as Licensed Fund Management Companies upon submission of an application. This streamlining process aims to enhance efficiency and effectiveness in the fund management industry, ensuring a smooth transition for the affected companies. The public consultation seeks feedback from various stakeholders to ensure that the revised regulatory framework meets the needs of the industry while maintaining regulatory standards.
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