Fitness and propriety of the applicant, its shareholders and directors. A CMSL holder licensed for financial planning distributing unit trust products; and (d) Any other person as the SC deems appropriate. Alternative Products. Chief Executive Officer with least 10 years of relevant experience and is resident in Singapore. 22520. Who is Exempted? Some Standard licence holders are also permitted to carry out maintenance work. 50% of revenue from dealing in capital markets products subject to a cap of S$25m. We will be happy to answer your queries, whether specifically to this article or any other regulatory compliance hurdles you may face. Business model/ plans and projections and the associated risks. On this page you find all available information we have on your orders. The regulated activities are specified in the Second Schedule to the SFA as follows: The present article shall introduce you to the specific regulated activity of dealing in “Capital market product” and the regulatory requirements pertaining to the same. Search the CBS liquor and gaming licensing database to find details of licensed premises in South Australia that hold a liquor or gaming licence or to confirm if a Responsible Person is still currently approved. Individuals representing CMS licensees or exempt financial institutions need to be appointed as representatives. Where applicable, the applicant is subject to proper supervision by its home regulatory authority. For more complex cases, or cases where information is assessed to be incomplete or inaccurate, MAS will need a longer time to review the application. actief bij garagebedrijven, agrarische bedrijven, loonbedrijven en transportbedrijven. The applicant is a reputable entity that has an established track record in the proposed activity. Find a liquor or gaming licence holder. If the corporate finance adviser is licensed to conduct more than one regulated activity, the highest base capital requirement among all its regulated activities will apply. $5 per representative from the 101st representative onwards as at 1 January of the calendar year. Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading only with customers who are accredited investors, institutional investors or expert investors, For the purposes of leveraged foreign exchange trading with any customer who is not an accredited investor, institutional investor or expert investor. 8708999790 . The status of your order. These requirements include criteria on minimum academic qualifications and examination standards, moral character, and compliance with the requirements on market practices and conduct. The applicant is an established Corporation. The renewal date for licenses that were due to renew between April 1, 2020 and Dec. 1, 2020 is extended to Jan. 15, 2021. If a CMS licensee also intends to provide financial advisory services to its customers, it will have to lodge a notification for commencement of business as an exempt financial adviser (using Form 26 under the Financial Advisers Regulations), and appoint the individuals who provide financial advisory services as its representatives. Ability to meet the minimum financial requirements prescribed under the SFA. Risk Based Capital Framework for Holders If your company already holds a CMS licence for certain regulated activities and wishes to add another activity to the CMS licence, you should submit Form 5 under the SF(LCB)R. In addition, if you hire or appoint individuals to conduct a regulated activity under your licence, you have to appoint these individuals as an appointed or provisional representative for that regulated activity. The applicant is primarily engaged in the business of conducting any one of the regulated activities. Data on SIA licence holders. Brand. Place a mailbox on Litigation Hold For the Purpose of the Table, the terms have been defined as under: Argus Global can help you set up thorough and pertinent policies and procedures to make sure you comply with all the regulations concerning your business, as well as provide any regulatory compliance services you may need from licensing to risk management. The applicant, its officers, employees, representatives and substantial shareholders are fit and proper, in accordance with the criteria set out in the Guidelines on Fit and Proper Criteria issued by MAS. Providing custodial services for securities. Therefore, the results count on the licences may be higher than the number of financial institutions returned. If you are interested in the application process, admission criteria and other related information for fund managers, please refer to Fund Management Licensing and Registration and the Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies. What is the abbreviation for Capital Market Services Licence? Individuals conducting regulated activities on behalf of CMS licensees or exempt CMS entities (such as banks) need to be appointed as representatives. NOTIFICATION OF CHANGE OF HOLDERS OF CAPITAL MARKETS SERVICES LICENCE (CMSL) OR CAPITAL MARKETS SERVICES REPRESENTATIVE LICENCE (CMSRL) This form should be completed, where applicable, after ensuring that the criteria listed in the Securities Markets Order (SMO), 2013 and relevant Regulations, as well as relevant Notices and Guidelines, have A broker-dealer is required to maintain financial resources which are in excess of its total risk requirements. For example, if a broker-dealer deals in securities and is not a member of the Singapore Exchange Securities Trading Limited, the annual corporate fee payable is S$4,000. Non-member firms – 50% of revenue from dealing in capital markets products, subject to a cap of S$10m. The exempt financial adviser and its financial advisory representatives will have to comply with the relevant conduct requirements under the FAA . CMSL abbreviation stands for Capital Market Services Licence. Holders of Capital Markets Services Licences (the “Notice”) which establishes the methodology that a CMSL is to use for calculating its financial resources and total risk requirement. CMS Holborn Asia7 Straits ViewMarina One East Tower#19-01Singapore 018936 88. Please ensure that your company’s application is complete, correct and accompanied by the requisite supporting documents. A REIT manager is required to maintain financial resources which are in excess of its total risk requirements. Activity 2a (a) What is a clients’ segregated account? When assessing an application for a CMS licence, MAS takes into account factors such as: Your company will also need to appoint the following individuals: For more information on the admission criteria for broker-dealers, corporate finance advisers, securities-based crowdfunding operators and credit rating agencies, please refer to the Guidelines on Criteria for the Grant of a Capital Markets Services Licence Other Than for Fund Management and Real Estate Investment Trust Management. If the SCF operator is licensed to conduct more than one regulated activity, the highest base capital requirement among all its regulated activities will apply. The Securities Commission of Malaysia ("SC") had on 8 July 2015 announced revisions to the Licensing Handbook for capital market intermediaries to… Licensed Holder Regulated Activity: Licence Number: Licensed Since: Status : No of Reps: Remarks: OSK Trustees Berhad • Financial Planning: CMSL/A0216/2007 13 Nov 2007 ... CMSL/A0165/2007 28 Sep 2007 Valid. Licence Holder - Chrome Surround. Cape May Seashore Lines (reporting mark CMSL) is a short line railroad in southern New Jersey.It offers two excursion services; a 30-mile (48 km) round trip between Richland and Tuckahoe, and a 14-mile (23 km) round trip between Rio Grande, Cold Spring Village, and Cape May City.The track is owned by NJ Transit and leased to the Seashore Lines. Find out what info your state can provide, at a minimum find out what state and who the contact is there. The base capital requirement ranges from S$50,000 to S$1 million, depending on the types of products offered, clientele type and whether the SCF operator handles customers’ moneys or assets or enter into transactions with customers as principal. Companies which may be required to hold a CMS licence include broker-dealers, corporate finance advisers, credit rating agencies, real estate investment trust (REIT) managers, fund managers and securities-based crowdfunding (SCF) operators. 1 What is required of you? Corporate finance advisers are required to hold a CMS licence in advising on corporate finance, unless an exemption apply. A corporation that carries on a business in any regulated activity in Singapore would need to hold a CMSL under the Securities and Futures Act (SFA). My Orderstatus. That individual can, of course, be an employee or director of the company which owns and/or operates the premises. OEM Part Numbers. On 8 June 2018, the MAS gazetted the Securities and Futures (Capital Markets Products) Regulations 2018 (“Regulations”). What does CMSL stand for? Correspondingly, all entities that ceased to hold a licence will be removed from the Financial Institutions Directory. the CMSL holder should, within 21 days of the event causing such inability, dismiss and replace the sub-contractor. CMSRL Programme. The site licence holder extracts indicate sites that have been authorized to manufacture, package, label and/or import natural health products by Health Canada. 35 YES Financial Sdn Bhd NEWS AND UPDATE. Copyright © 2021 | Argus Global Pte Ltd (UEN : 201627717G) | All Rights reserved |. Get it as soon as Thu, Jan 21. License renewal extension. The applicant’s board of directors should demonstrate good corporate governance standards and practices and comprise a minimum of 2 members, at least one of whom is resident in Singapore and approved by MAS. The annual fee ranges from $2,000 to $8,000, depending on the type of capital markets products offered and whether the CMS licensee is a member of an approved exchange or clearing house. Whether you search for CMS Lelystad, CMSL or CMNL, there is only one company you will come across – Consolidated Motor Spares Netherlands. 22520. Appointed representatives of Capital Markets Services (CMS) licence holders and exempt Financial Institutions (FIs). If your company is applying for a CMS licence, your company should submit Form 1 under the Securities and Futures (Licensing and Conduct of Business) Regulations (SF(LCB)R). 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SUITABLE FOR MAKE/MODEL Please login to a dealer account to view this information. Related Products. Holders of Operating Licences are able to operate within the European Economic Area with no further licences required, but for operations outside of the EEA, the carrier will need to hold route licences. A non-refundable application fee of $1,000 is required. The foreign site reference number extracts indicate sites outside of Canada which have been assessed against Part 3 of the Natural Health Products Regulations for good manufacturing practices (GMPs) and issued a reference number. A SCF operator is required to maintain financial resources which are in excess of its total risk requirements. If the manager is a different person to the licence Such individuals are required to be appointed as. A company must hold a capital markets services (CMS) licence to conduct activities regulated under the Securities and Futures Act . Capital markets products include securities, units in a collective investment scheme (CIS), over-the-counter (OTC) derivatives, exchange-traded derivatives and spot foreign exchange for the purposes of leveraged foreign exchange trading. The rest of this page sets out the application procedures for a CMS licence to carry out one or more SFA activities other than fund management. Under the Capital Markets and Services Act 2007 (CMSA), An appropriate license is required for anyone wishing to carry out capital market activities (unless a registered person). If a mailbox is assigned an Exchange Online Plan 1 license, you would have to assign it a separate Exchange Online Archiving license to place it on hold. $12.88 $ 12. CMSL holders are required to submit forms via the following channels: Annual Reporting for Authorisation of Activity (ARAA) via Electronic Licensing Application System (ELA System) Fit and Proper Compliance Report by Licensed Corporation via SC Common Reporting Platform For information on the admission criteria for REIT managers, please refer to the Guidelines to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management. For example, if the broker-dealer conducts dealing in capital market products that are securities, units in a CIS or exchange-traded derivatives contracts as a clearing member (where the applicable base capital requirement is S$5 million) and product financing (where the applicable base capital requirement is S$1 million), it will be required to maintain a minimum base capital of S$5 million. Sparex . For example, if the corporate finance adviser is also licensed to conduct dealing in capital market products that are securities, units in a CIS or exchange-traded derivatives contracts as a non-clearing or trading member (where the applicable base capital requirement is S$1 million), it will be required to maintain a minimum base capital of S$1 million. The base capital requirement is S$250,000. The regulated activities are specified in the Second Schedule to the SFA as follows: For applicants that are incorporated in a foreign country, they should satisfy Monetary Authority of Singapore (the “MAS”) that the branch in Singapore would be subject to proper management oversight and be able to comply with all laws and regulations governing its operations. Fill up the form below to get in touch with us! Capital Markets Services License – Dealing in Capital Market Products Capital Markets Services License (CMSL) A corporation that carries on a business in any regulated activity in Singapore would need to hold a CMSL under the Securities and Futures Act (SFA). All entities that are holding a CMS licence to conduct regulated activities are listed on the Financial Institutions Directory. Located in Lelystad, Netherlands, CMS has around 11,000 m 2 of warehouse storage space. Find licence holder The Securities and Futures Act, defines a Capital Market Product as “any securities, units in a collective investment scheme, derivatives contracts, spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and such other products as the Authority may prescribe as Capital Markets Products”. Minimum of 2 directors, at least one is resident in Singapore. View a list of affected licenses. A corporate finance adviser is required to maintain financial resources which are in excess of its total risk requirements. by Argus | Financial Institutions, Fund Management Company, Regulatory Compliance. The base capital requirement is S$1 million. broker-dealers, corporate finance advisers, credit rating agencies, real estate investment trust (REIT) managers, fund managers and securities-based crowdfunding (SCF) operators, Fund Management Licensing and Registration, Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies, MAS also publishes a Licensing and Registration Report for Capital Markets Intermediaries, Guidelines on Criteria for the Grant of a Capital Markets Services Licence Other Than for Fund Management and Real Estate Investment Trust Management, Guidelines to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management, Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (SF(FMR)R), Notice SFA 04-N13 Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licences, Appointing a Representative for CMS Licensees or Exempt Financial Institutions, Supervisory Approach and Regulatory Instruments, Lists of Designated Individuals and Entities, Grants for Smaller Financial Institutions, Recent Economic Developments in Singapore, Singapore Overnight Rate Average (SORA) Interest Rate Benchmark, Singapore Government Securities (SGS) Bonds, Investing in Singapore Government Securities (SGS) Bonds, Investing in Singapore Savings Bonds (SSB), Brunei-Singapore Currency Interchangeability Agreement, Reproduction of Singapore Currency Images, Money and Banking Monthly Statistical Bulletin, Financial Sector Development Fund Annual Report, Monetary Authority: Assets and Liabilities, International Reserves/Foreign Currency Liquidity, Interest Rates of Banks and Finance Companies, View a list of Application Programming Interfaces (APIs), Opportunities for Mid-Career Professionals.