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MAS REVISES GUIDELINES ON CAPITAL MARKETS SERVICES LICENCE

June 2010 - Finance. Legal Developments by Drew & Napier LLC .

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The Monetary Authority of Singapore (the “MAS”) recently revised its Guidelines on Criteria for the Grant of a Capital Markets Services Licence and Representative’s Licence (the “Guidelines”).

The revisions reflect a growing emphasis on good corporate governance standards in Singapore. The application criteria for a person wishing to carry out real estate investment trust (“REIT”) management have also been clarified.

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