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Singapore Government Agency Website
Fit and Proper Criteria Guidelines FSG-G01
Relevant Person Guidelines for Activities Regulated by MAS
These guidelines delineate the fit and proper criteria applicable to all relevant persons involved in any regulated activity under MAS oversight. An individual is expected to demonstrate competency, honesty, integrity, and financial soundness.
Guidelines Overview:
Definitions of 'relevant persons' and scope of application are outlined.
Criteria for assessing whether a relevant person meets fit and proper standards are specified.
Amments:
Effective Date: July 31, 2024
Current version takes effect on this date
Effective Date: July 1, 2021
Previous amment's effective date
Revision History:
January 28, 2020
Last revised on this date
October 8, 2018
Previous revision effective date
September 3, 2015 Previously cancelled
A preceding version of
October 6, 2014 Previously cancelled
A previous iteration
January 17, 2012
An earlier amment's effective date
November 26, 2010 Previously cancelled
Another past revision
Related Resources:
Comprehensive Information on Licensing and Requirements for Trust Business Licenses TCA-G02
Qualifying for a Trust Company License
Fit and Proper Criteria Guidelines
Key Positions and Responsibilities
Capital and Financial Resources Standards
Requirements for Security Deposit and Professional Indemnity Insurance PII
Licensing, Authorization, and Registration Procedures
Frequently Asked Questions:
FAQs on Exempt Persons
Detls the regulatory standards expected of an exempt financial advisor serving up to 30 accredited investors or an exempt corporate finance advisor.
Representative-Related Guidelines:
Notifications
Declarations
Exemptions Information
Subsidiary Legislation Detls
Published Date: June 29, 2022
Regulations on Financial Holding Companies Corporate Governance for Designated Financial Holding Companies with Insurer Subsidiary 2022
Corporate governance requirements and guidelines for designated financial holding companies with an insurance subsidiary incorporated in Singapore.
Corporate Governance Framework
Key Appointments Requirements
Fit and Proper Criteria Standards
Subsidiary Legislation Information
Published Date: June 29, 2022
Regulations on Financial Holding Companies Corporate Governance for Designated Financial Holding Companies with Bank Subsidiary 2022
Requirements for designated financial holding companies having a banking subsidiary incorporated in Singapore.
Corporate Governance Framework
Key Appointments Guidelines
Fit and Proper Criteria for Directors
Notices and Alerts
Published Date: June 29, 2022
Appointment Notification FHC-N106
Requirements on Director Appointment, Chrperson Position, Nominating Committee Member Roles, and Key Executive Person Designation
Corporate Governance Framework
Key Appointments Standards
Fit and Proper Criteria Guidelines
Notifications and Alerts Information
Published Date: June 29, 2022
Monetary Authority of Singapore MAS
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July 31, 2024
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Fit and Proper Criteria for Relevant Persons in MAS Regulated Activities Guidelines for Licensing Trust Business with MAS Assessing Financial Soundness for Regulatory Compliance Competency Honesty Integrity: Key Standards for Relevant Persons Requirements for Security Deposit in Financial Services Capital Standards for Companies Seeking MAS Authorization