The Monetary Authority of Singapore (MAS)’s revised framework for single family offices (SFOs) took effect on 15 June 2026.
The revised framework is intended to streamline the establishment of SFO operations in Singapore, while enhancing MAS’ overall monitoring of SFOs. It is structure-agnostic and provides a straight through class exemption from licensing for qualifying SFOs operating in Singapore. SFOs that meet the requirements need only notify MAS of their operations, maintain an account with a MAS-licensed bank, and file a straightforward annual return with information on total assets under management and the name of its bank.
To view our update on the key requirements for SFOs under the licensing exemption framework, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.
POON Chun Wai
Partner – Private Wealth and Specialist & Private Client Disputes
d +65 6517 3752
e chunwai.poon@wongpartnership.com
Click here to view Chun Wai’s CV.