A corporation may make an application for a capital markets services license to carry on business in one or more regulated activities. In granting a capital markets services license, the Authority shall specify the regulated activity or activities to which the license relates, described in such manner as the Authority considers appropriate.
The entity making the application is a Singapore:
a) A company,
b) Sole proprietor
c) Foreign owned company,
d) Partnerships,
At least one Executive Director of the applicant is a Singapore citizen or permanent resident.
Every Singapore License will need at least one shareholder.
The License must establish and maintain an appropriate and effective compliance function within the firm which operates independently of all operational and business line functions and senior or supervisory management.
The applicant must have premises in the island acceptable to the commission prior to operating the business. The premises should be able to facilitate confidential interaction between the applicant and its clients, and provide for safe and confidential storage of documents.