Are fund management companies required to submit their outsourcing registers to MAS on a yearly basis?
last revised on 12 October 2021
FMCs are not required to submit their outsourcing registers to MAS on a yearly basis. MAS will give reasonable notice to FMCs when MAS requires the registers for our supervisory purposes, and FMCs are expected to promptly submit a copy of the register. As a matter of good practice, an FMC should include all outsourcing arrangements in its outsourcing register. This includes intra-group arrangements and material sub-contractors.
Similarly, audit reports on outsourced arrangements are to be submitted upon MAS’ request.