On 12 June 2026, the Monetary Authority of Singapore (“MAS”) announced that the revised framework (“Revised Framework”) for single family offices (“SFO”) will take effect on 15 June 2026. The revised framework follows the Consultation Paper on Proposed Framework for Single Family Offices issued by MAS on 31 July 2023 (“Consultation Paper”), and the response to the consultation (“Consultation Response”) published on 6 November 2024. There is a transitional period of one (1) year (i.e. until 15 June 2027) for existing SFOs that operate in Singapore to comply with the Revised Framework.
In this client update, Director Ian Phung and Associate Justin Hoo summarise the key takeaways in relation to the Revised Framework.
If you have any questions, please feel free to reach out to our team.
