Investment Fund Market Guide – Singapore
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – Singapore. |
Restrictions on customer | No | Refer to Holding Restrictions – Investment Funds – Singapore. |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register market and CSD link |
Eligible fund types in CBL | Register market: Unit Trust, Business Trust, Variable Capital Company, Limited Partnership or Private Limited Company. CSD linka: ETFs |
a. Please refer to the Market Link Guide – Singapore for more details about funds on CSD link.
Eligible fund types in CBL
Register market
Investment funds in Singapore can be categorised in various manners, including but not limited to:
- Collective Investment Schemes (CIS) and funds excluded from the CIS regime, where the former must be “authorised” or “recognised” by Monetary Authority of Singapore (MAS) before they could be sold to non-institutional investors;
- Open-ended or closed-ended funds;
- Funds classified based on the investor categories, namely:
- Funds offered to retail investors;
- Funds offered to accredited investors and other relevant persons;
- Funds offered to institutional investors.
Investment funds that are established in the following forms are eligible in CBL:
- A unit trust established by a trust deed;
- Business trusts registered under the Business Trusts Act (Cap. 31A);
- Variable capital company (VCC) incorporated under the Variable Capital Companies Act 2010 (VCC Act);
- Private Equity funds constituted as:
- Limited partnerships under the Limited Partnerships Act (Cap 163B) (LPA);
- Private limited companies incorporated under the Companies Act (Cap. 50).
CSD link
Please refer to the Market Link Guide – Singapore for more information.
Exchange Traded Funds (ETFs) – Listed ETFs have the same settlement process as listed equities.