But what exactly is the R1 License, who needs it, and how do you survive the rigorous application process? Let’s break it down. Under the Securities and Futures Act (SFA), the R1 License refers to the Capital Markets Services License (CMSL) for Fund Management .
The R1 is not for the faint of heart, but for serious asset managers, it is the only professional way to play in Asia’s wealthiest sandbox. Disclaimer: This post is for informational purposes only and does not constitute legal advice. You should consult a licensed law firm in Singapore regarding your specific fund structure. r1 license singapore
Navigating the R1 License in Singapore: A Blueprint for Fund Managers But what exactly is the R1 License, who
You must maintain at least S$250,000 in financial base capital at all times. This is not a "use it for rent" fund; this is risk capital held in the company. The R1 is not for the faint of
You need at least two full-time directors with at least 5 years of relevant experience in fund management. Crucially, at least one of these directors must be a CEO/Executive Director based in Singapore.