The key distinction? An R1 license holder can only manage funds for:
MAS wants to see your playbook. How do you value assets? How do you handle conflict of interest (e.g., side pockets)? How do you prevent money laundering? You need a robust Compliance Officer (often outsourced to a boutique firm initially). r1 license singapore
Holding an R1 License in Singapore is the "Gold Standard" for Asian asset management. It allows you to passport your services, gives you access to top-tier prime brokers (Goldman, Morgan Stanley), and allows you to legally charge performance fees. The key distinction
You cannot advertise to the general public or take money from "retail" investors (those with less than S$2 million in net assets). How do you handle conflict of interest (e
In conclusion, obtaining an R1 license in Singapore requires applicants to meet specific eligibility criteria and follow a step-by-step application process. The R1 license provides holders with the freedom to drive private cars and is an essential document for many individuals in Singapore.
Getting the license is hard; keeping it is harder. You must submit:
: For highly skilled workers with a minimum fixed monthly salary of $1,600 and a pass in the SEC(K) test at a higher skill level.
