MAS Revises Single Family Office Framework, Introduces Class Exemption from Licensing

MAS announced a revised regulatory framework for Single Family Offices (SFOs) on 11-12 June 2026, effective 15 June 2026, replacing structure-specific rules with a single structure-agnostic approach. Qualifying SFOs now receive a straight-through class exemption from licensing rather than case-by-case approval, but must notify MAS of their operations, maintain an account with a MAS-licensed bank, and file an annual return disclosing total assets under management and their banking institution. Existing SFOs have until 15 June 2027 to comply.

• Replaces prior structure-specific rules with a single structure-agnostic framework for all qualifying SFOs
• Grants qualifying SFOs a straight-through class exemption from licensing
• Requires SFOs to notify MAS of operations and maintain a bank account with a MAS-licensed institution
• Requires an annual return disclosing total assets under management and the SFO's banking institution
• Existing SFOs given a one-year transition period until 15 June 2027