Capital Markets Services Licence

Apply for Capital Markets Services Licence

Monetary Authority of Singapore (MAS)

Apply on MAS

Application Details

A company must hold a capital markets services (CMS) licence to conduct activities regulated under the Securities and Futures Act 2001 (SFA). Individuals representing CMS licensees or exempt financial institutions need to be appointed as representatives.

These regulated activities are:

• Dealing in capital markets products
• Advising on corporate finance
• Fund management
• Real estate investment trust management
• Product financing
• Providing credit rating services
• Providing custodial services for securities

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.

Companies which may be required to hold a CMS licence include the below. Learn more about each type of entity for more information on what they do, and the different licensing exemptions available for the different regulated activities:

• broker-dealers (including securities-based crowdfunding (SCF) operators),
• corporate finance advisers,
• credit rating agencies,
• real estate investment trust (REIT) managers, and
• fund managers.