Glossary · regulatory
Registered Fund Management Company
Also known as: RFMC
- Definition
- A Registered Fund Management Company (RFMC) is a MAS-registered fund-management framework for managers serving accredited and institutional investors with AUM below S$250 million.
RFMC is a lighter-touch alternative to a Capital Markets Services Licence (FMC) for fund-management firms below S$250M AUM that serve only accredited investors and qualified institutional clients. The registration requires fit-and-proper assessments of the manager and Key Personnel, ongoing reporting, and notification of material changes. Once AUM crosses S$250M, the RFMC must upgrade to a Capital Markets Services Licence as an A/I Fund Management Company.
Source: MAS — Registered Fund Management Companies
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