Revised framework for single family offices to take effect on 15 June 2026

The Monetary Authority of Singapore (MAS) announced that the revised framework for single family offices (SFOs) will take effect on 15 June 2026, introducing a streamlined process for establishing operations in Singapore while strengthening overall monitoring.

The framework is structure-agnostic, thereby facilitating a straight-through class exemption from licensing for all qualifying SFOs operating in Singapore. SFOs that meet the requirements need only notify MAS of their operations and maintain an account with a MAS-licensed bank. They will also have to file a straightforward annual return with information on the total assets under management and the name of their bank.

This revision follows MAS’ earlier public consultation on the revised SFO framework and its policy responses to the industry’s feedback published in November 2024. The industry has generally welcomed the changes and provided feedback which MAS has incorporated into the finalised framework.

Existing SFOs in Singapore will have a one-year transition period until 15 June 2027 to comply with the revised requirements. Further details are available in MAS’ frequently asked questions on the licensing exemption framework for single family offices.

Re-disseminated by Wealth and Society