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Singapore to provide a conducive fintech environment

Kareyst Lin | Nov. 14, 2016
To enable both financial institutions and fintech startups in the republic to innovate, compete and collaborate.

 MAS is working with the VC industry to grow the funding landscape for startups in Singapore and the region. There are two key prongs to MAS' approach, according to Tharman.

First, MAS is reviewing its regulatory regime for VC managers to significantly simplify and shorten the authorisation process for new VC managers. The financial regulator is also looking to exempt VC managers from business conduct requirements that are currently applied to asset managers in general.

Second, MAS is studying whether incentives for funds and fund managers are suitable to anchor VC funds and VC fund managers here too.

 

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