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Monetary Authority of Singapore Aims to Fast-Track Retail Fund Approvals

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The Monetary Authority of Singapore (MAS) will seek consultation on creating a new pathway that brings non-traditional retail funds to market faster, according to a speech by Chairman Gan Kim Yong at an annual dinner on Thursday.

Under the proposed framework, MAS is looking to determine the necessary guardrails for new fund types within three months, offering a faster processing time.

Funds seeking to qualify for the accelerated pathway would require to have underlying assets based on publicly traded securities and financial derivatives.

The update is part of Singapore's prospects as a financial connector, which also includes the launch of the Future of Finance Institute for AI deployment in financial services and other initiatives.

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