Fintech and Financial Services
You’re offering a financial service in Singapore. The licence question comes before the product roadmap, not after it.
Information, not advice
This page is information, not legal advice about your matter. A retainer begins only when a lawyer confirms it.
Start here
Find out whether you need your own licence
Which MAS licence your activity needs under the Payment Services Act or the Securities and Futures Act, and whether an exemption is available.
What to work through, in order
The licence question
Which MAS licence applies under the Payment Services Act, the Securities and Futures Act or the Financial Advisers Act, and whether an exemption is available.
Client money and safeguarding
MAS requires safeguarding of customer money through a bank guarantee, insurance or a trust account, with daily reconciliation for payment institutions.
Conduct, complaints and vulnerable customers
MAS guidelines on fair dealing set outcomes for product suitability and disclosure, and the Financial Industry Disputes Resolution Centre hears eligible complaints.
Next steps
What happens if you go ahead
Scoping call
Written scope and fixed-fee quote
Engagement, once a lawyer confirms
Who would handle it
Offices
Melbourne
Level 17, 31 Queen Street, Melbourne VIC 3000
Sydney
Unit 3, 55 Pyrmont Bridge Road, Pyrmont NSW 2009
Gold Coast
Level 5, 33 Elkhorn Avenue, Surfers Paradise QLD 4217