News

MAS Invites Comments on Proposed Fees under the Representative Notification Framework 
Posted on Monday, December 10, 2007 - 07:00 PM

The Monetary Authority of Singapore (MAS) has released a consultation paper on the proposed fee structure that will apply to all representatives conducting regulated activities under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The proposed fee structure is intended for implementation when the notification framework for representatives[1] comes into effect in 2008.

2. The proposed fee structure under the representative notification framework aims to streamline and simplify the existing fee structure by reducing and eliminating some transaction fees payable to MAS. Annual fees under the notification regime will be maintained at their current levels.

3. We would like to invite interested parties to provide their comments on the proposals outlined in the consultation paper by 18 January 2008. The consultation paper is posted on the MAS website, www.mas.gov.sg.

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[1] The rationale and features of the proposed notification framework were set out in an earlier consultation paper issued in September 2006.