Futures Contract Licence / Foreign Exchange Licence / Fund Management Licence
Criteria For the grant of capital marketing services [CMS] Licence
Who Needs to hold a CMS Licence
A corporation that carries on a business in the following regulated activity in Singapore would need to hold a CMS licence under the Securities and Futures Act [“SFA”]:
a) Trading in futures contracts;
b) Leveraged foreign exchange trading;
c) Fund management;
Individuals who are employed by or acting for the corporation to carry out the regulated activity are required to be an appointed, provisional or temporary representative under the SFA.