Singapore will roll out an updated framework for Single Family Offices (SFOs) on 15 June 2026, streamlining exemptions while enhancing regulatory monitoring.
The Monetary Authority of Singapore (MAS) said the changes will give qualifying SFOs a simpler process to establish operations in the country.
Under the framework, eligible SFOs will not need to apply for a licence.
They will instead need to notify MAS of their operations, maintain an account with a MAS-licensed bank and file a basic annual return.
The annual return will include information on total assets under management and the name of the SFO’s bank.
The structure-agnostic framework allows eligible SFOs to use a straight-through class exemption regardless of how they are set up.
The changes follow an earlier public consultation. MAS published its policy responses to industry feedback in November 2024 and incorporated sector input into the final framework.
Existing SFOs operating in Singapore will have a one-year transition period to meet the new requirements and must comply by 15 June 2027.
Featured image: Edited by Fintech News Singapore, based on image by MAS
