The Monetary Authority of Singapore (“MAS”) confirmed the start of the Quarterly Fund Data Collection (“QDC”) in 4Q2025. Fund management companies (“FMCs”), including external asset managers (“EAMs”), must submit their Basic QDC by 30 November 2025. In addition, FMCs managing a fund or a segregated mandate with assets under management of SGD 500m or more are strongly recommended to participate in the trials of the Full QDC that have commenced. Beginning in 2026, the MAS expects them to submit the Full QDC timely and without errors.

Aside from this change in reporting, the MAS published no material regulatory updates. EAMs may, however, note that the MAS has announced upcoming simplifications and a faster assessment of applications for single-family offices.

Finally, EAMs should not forget to submit their quarterly returns by 14 October 2025.