MAS mulls family office framework: sources

The Monetary Authority of Singapore (MAS) has been exploring options for putting family offices on a firmer legal footing in the city, sources have told AsianInvestor, although the markets regulator has denied it is working on proposals specifically related to family offices. It is thought that MAS has had a team focused on family offices for as long as three years. The understanding is that the regulator may be looking to implement rules or guidance for single-family offices (SFO…