In June 2026, the Monetary Authority of Singapore (“MAS”) published several regulatory updates relevant to financial institutions, including fund management companies, external asset managers (“EAMs”), and capital markets services licensees.

MAS published a circular on Tax Exemption/Waiver of Withholding Tax on Qualifying Payments Made by Qualifying Financial Institutions on 4 June. The circular provides details on the extension of various withholding tax exemptions to maintain the competitiveness of Singapore’s financial sector, which was announced in the 2026 Budget Statement.

In addition, MAS issued a Consultation Paper on Proposed Amendments to Notices on Technology Risk Management on 10 June. The consultation closes on 31 July 2026. Financial institutions are encouraged to provide views on the proposed amendments to the MAS Notices on Technology Risk Management to reinforce the importance of the stipulated risk management measures and to strengthen financial institutions’ technology resilience amid increasing digitalisation and an evolving risk landscape. The amendments cover key areas such as IT asset management, IT risk assessment and monitoring, change management controls, and data backup and recovery.

For fund managers and other capital markets services licensees, MAS announced that the Revised Framework for Single Family Offices (“SFOs”) would take effect on 15 June. MAS also published related FAQs on the Licensing Exemption Framework for Single Family Offices on 12 June. Fund managers and EAMs that deal with family office structures or rely on exemptions related to SFO arrangements should review the revised framework and FAQs carefully to determine whether any changes to their operating models, client classifications, documentation, or compliance procedures are required.

On 25 June, MAS announced the establishment of the Future of Finance Institute. The Institute aims to scale financial innovation, accelerate the adoption of new financial technologies, and catalyse innovation in the financial sector, with an initial focus on Artificial Intelligence and Tokenisation. Further details of FFI’s strategies and governance will be announced later this year.

With that in mind, fund management companies and relevant licensees should also take note of upcoming regulatory submissions. SFA Quarterly Return Forms 1 and 2 are due by 14 July, while the Quarterly Income and Expenditure Statement is due by 15 July. Firms should also check their MAS-Tx portal to determine whether the Survey of Services 2025, due on 23 July, applies to them. In addition, fund managers should check their letterbox to determine whether the Survey of Fund Managers and Nominees apply to their firm.