Revised framework for single family offices to take effect on Jun 15: MAS

The revised framework for single family offices (SFOs) will take effect on Jun 15, the Monetary Authority of Singapore (MAS) said in a news release on Friday (Jun 12).

Existing SFOs have a transition period of one year – until Jun 15, 2027 – to comply, the authority said.

The revised framework is meant to simplify the process for SFOs to establish operations in Singapore. It will also streamline their documentation and reporting requirements.

Read more at: https://www.businesstimes.com.sg/companies-markets/revised-framework-single-family-offices-take-effect-jun-15-mas