Post by Lee & Lee LLP

MAS Clarifies Singapore SFO Licensing Exemption Framework The Monetary Authority of Singapore (“MAS”) has, on 12 June 2026, released the FAQs on the Licensing Exemption Framework for Single Family Offices (“SFOs”) in Singapore. https://lnkd.in/g3dsCgzj The FAQs clarify how the statutory exemption under the Securities and Futures (Licensing and Conduct of Business) Regulations applies to SFOs operating in Singapore. They also provide practical guidance on the conditions that SFOs must satisfy, the notification process, the annual return requirements and the transitional arrangements for existing SFOs. A notable clarification is that a SFO is not required to furnish a legal opinion as part of its notification to MAS. Service providers may also assist with the submission of notifications and annual returns, subject to the requirements set out in the FAQs. SFOs should nevertheless ensure that they satisfy the applicable conditions under the licensing exemption framework, including conditions relating to the permitted family perimeter, ownership and funding, key employee participation, Singapore incorporation, bank account requirements and annual reporting obligations. Our Private Client Practice has advised clients on various issues concerning single family offices and multifamily offices, including structuring, governance, regulatory and succession planning matters. Please reach out to our Partner Joel Teo if you have any questions on these latest developments, or find out more about our Private Client Practice here. https://lnkd.in/gk49GPAH #Singapore #FamilyOffice #SingleFamilyOffice #PrivateWealth #MAS #PrivateBanking #Trusts #WealthStructuring #Governance #SuccessionPlanning