The Monetary Authority of Singapore announced that its revised framework for Single Family Offices will take effect on 15 June 2026. The changes are intended to give qualifying SFOs a simpler, more streamlined route to establish operations in Singapore while strengthening MAS' oversight of the sector. Under the revised framework, the exemption from licensing is structure-agnostic and provides a straight through class exemption for all qualifying SFOs operating in Singapore. Firms that meet the requirements only need to notify MAS of their operations, maintain an account with a MAS-licensed bank, and file an annual return containing information on total assets under management and the name of the bank. MAS said the final framework incorporates feedback received through its earlier consultation and policy response process. Existing SFOs operating in Singapore have a one-year transitional period to comply with the revised framework, until 15 June 2027.
Monetary Authority of Singapore2026-06-11
Monetary Authority of Singapore sets 15 June 2026 start for revised single family office exemption framework
The Monetary Authority of Singapore said its revised Single Family Office framework will take effect on 15 June 2026. The regime introduces a structure-agnostic class exemption from licensing for qualifying SFOs, subject to notification to MAS, a MAS-licensed bank account and an annual return. Existing SFOs have until 15 June 2027 to comply.