Capital Requirements for fund management companies
Do any additional requirements apply to a CMS licence holder/RFMC when it is exempt from holding a financial adviser's licence?
No.
The financial requirements for financial advisers do not apply to holders of a capital markets services licence that are exempt from the requirement to hold a financial adviser’s licence. Also, we are not aware that the MAS imposed these requirements on a holder of a capital markets services licence that is exempt from the requirement to hold a financial adviser’s licence.