MAS Appoints Third Batch of EQDP Asset Managers and Commits S$20 million to Strengthen Equities Market Making Activities in Singapore
Why this matters
This is an informational news release announcing MAS's appointment of five asset managers under the EQDP programme and a new market-making grant scheme. While it reflects regulatory policy direction and market development initiatives, it is not a binding obligation or enforcement action. The content supports Capital Markets & Trading and Investment Management sectors, with relevance to asset manager authorisation/licensing and market quality/surveillance. Urgency is null as this is a news announcement without time-sensitive compliance obligations for firms.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
MAS announced today the appointment of the third batch of five asset managers under the Equity Market Development Programme (EQDP) and the commitment of S$20 million from the FSDF for a new GEMS Market Making Grant to support market making activities in SGX-listed stocks till 31 December 2028.
Published by MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 170 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Authorisation & Licensing, Market Abuse / Surveillance, Capital Markets & Trading and Investment Management.