While it did not publish any regulatory updates in September, the Monetary Authority of Singapore (“MAS”), announced its new reporting regime for fund management companies (“FMCs”), i.e. holders of a capital markets services licence for fund management. Instead of the annual Fund Management Risk Assessment Questionnaire, the MAS is introducing Quarterly Fund Data Collection (“QDC”). Starting in 4Q2025, all FMCs must submit a Basic QDC. In this Basic QDC, the FMC must provide information on its AuM and the number of investors at the company level. In addition, FMCs which manage a fund or segregated mandate of SGD 500m or more must submit the full QDC for each of these funds. This questionnaire is more extensive, including information on the investments made. The MAS strongly encourages all affected FMCs to participate in the trial phase from October 2025 until January 2026. In 1Q2026, the FMCs will be required to submit the full QDC. Selected FMCs will already trial the full QDC in September 2025.