03/08/2026
From 15 June 2026, the Monetary Authority of Singapore is streamlining how Single Family Offices operate. If you're a family office, a trustee, or advising one, here's what you need to know—without the jargon.
What's Changed
Instead of navigating different exemptions and applying for case-by-case approvals (which could take time and involve legal opinions), SFOs can now operate under a cleaner, structure-agnostic class exemption. In plain terms: no licensing required, but a few straightforward requirements.
What SFOs Need to Do
- File a Notice of Commencement of Business with MAS within 14 days of starting
- Keep bank accounts with a MAS-licensed bank (for both your SFO and fund vehicle)
- File an annual return each year—same timeline as other regulated entities
That's it. No more lengthy exemption applications.