Singapore MAS Proposed Framework for Single Family Offices: Annual Reporting Timeline Increased to 4 Months after Financial Year-End from Current 14 Days at End of Calendar Year, Timeline to Notify Singapore MAS after Commencement of Business Increased to 14 Days from 7 Days, Will Recognise Family Trusts & Foundation Assets if Family Office is Not Appointed to Manage Assets of Charitable Organizations, Allows 10% Limit of AUM for Non-Family Key Employees to Co-Invest Alongside Family Office, Allows Maximum of 10% Equity to Non-Family Key Employees & 1-Year Timeline for ex-Employees to Sell or Divest Investments, Generation Limit of Maximum of 5 Generations Back from Youngest Generation Establishing the Family Office in Singapore, Allows Parents-in-Law & Siblings-in-Law to be Included as Family, Legally Adopted Children & Stepchildren are Already Included in Definition of Family
15th November 2024 | Hong Kong
Monetary Authority of Singapore (MAS) Proposed Framework for Single Family Offices (6/11/24) – Key updates include 1) Annual reporting timeline increased to 4 months after financial year-end from current 14 days at end of calendar year, 2) Timeline to notify Singapore MAS after commencement of business increased to 14 days from 7 days, 3) Will recognise family trusts & foundation assets if family office is not appointed to manage assets of charitable organizations, 4) Allows 10% limit of AUM for non-family key employees to co-invest alongside family office, 5) Allows maximum of 10% equity to non-family key employees & 1-year timeline for ex-employees to sell or divest investments, 6) Generation limit of maximum of 5 generations back from youngest generation establishing the family office in Singapore, 7) Allows parents-in-law & siblings-in-law to be included as family, 8) Legally adopted children & stepchildren are already included in definition of family. View MAS Proposed Framework for Single Family Offices here
“ Singapore MAS Proposed Framework for Single Family Offices: Annual Reporting Timeline Increased to 4 Months after Financial Year-End from Current 14 Days at End of Calendar Year, Timeline to Notify Singapore MAS after Commencement of Business Increased to 14 Days from 7 Days, Will Recognise Family Trusts & Foundation Assets if Family Office is Not Appointed to Manage Assets of Charitable Organizations, Allows 10% Limit of AUM for Non-Family Key Employees to Co-Invest Alongside Family Office, Allows Maximum of 10% Equity to Non-Family Key Employees & 1-Year Timeline for ex-Employees to Sell or Divest Investments, Generation Limit of Maximum of 5 Generations Back from Youngest Generation Establishing the Family Office in Singapore, Allows Parents-in-Law & Siblings-in-Law to be Included as Family, Legally Adopted Children & Stepchildren are Already Included in Definition of Family “
Singapore MAS Proposes to Allow Single Family Offices to Give Maximum of 10% Equity to Non-Family Key Employees to Allow Staff to Invest Alongside Family, New Incentive Will Allow Family Offices to Attract & Retain Staff
8th November 2024 – The Monetary Authority of Singapore (MAS) is reviewing industry proposal feedback to allow single family offices to give maximum of 10% equity to non-family key employees to allow staff to invest alongside family, with the new incentive to allow family offices to attract & retain staff.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit