Singapore - MAS releases FAQs on definition of Accredited Investor and opt-in/opt-out regime

The MAS made a few key clarifications which are set out below: 1. The MAS gave further guidance on the meaning of “related liabilities” and “primary residence” in the AI definition for individuals. 2. The opt-in/opt-regime will become effective on 8 April 2019 in respect of both new and existing clients. This was extended from the initial effective date of 8 January 2019. 3. In respect of a close-end fund managed by a licensed private equity fund manager where existing AI invest