In Singapore, a Capital Market Service license ( CMS ) is required for entities that provide certain financial services. Obtaining a CMS license can bring many benefits to your business, such as offering a broader range of services and greater funding access. This article will explain what services require a CMS license in Singapore and the benefits of having one.
- What is a CMS License and its uses
A Capital Market Service (CMS) license is a type of business license that allows a company to provide financial services in Singapore. These services include investment banking, securities dealing, Futures trading, and fund management. A company must meet certain eligibility criteria set by the Monetary Authority of Singapore (MAS) to obtain a CMS license.
Once a company has been granted a CMS license, it will be subject to ongoing regulation by MAS. This includes requirements such as maintaining adequate capital levels, keeping accurate records, and putting in place risk management systems. Licensees must also disclose information about their business to potential investors.
