What are the admission criteria for an Approved Exchange/Recognised Market Operator licence?
According to MAS (Pages)
last revised on 11 Oct 2021"When assessing an application for an AE or RMO licence, MAS takes into account factors such as:
- Market structure and operations in accordance to international standards and best practises.
- Track record, management expertise and financial soundness of the applicant.
- Ability to meet the minimum financial requirements prescribed under the SFA.
- Strength of risk management and accompanying internal controls and systems.
- Business plans and projections.
- Corporate governance, fitness and propriety."