Compliance
Australia
Licence Requirements
MSC Trustees, MSC Certane and MSC Advisory are regulated by the Australian Securities & Investments Commission (ASIC) and each hold an Australian Financial Services Licence (AFSL).
Each are required to meet strict financial and compliance obligations including holding minimum net tangible assets, produce regular cashflow projections and establish appropriate compliance frameworks on an ongoing basis.
MSC Trustees, MSC Certane and MSC Advisory also each hold an Australian Credit Licence (ACL) also regulated by ASIC and governed by the National Consumer Credit Protection Act 2009.
Audit
In adherence with the Corporations Act, MSC Trustees and MSC Certane are subject to independent financial audit. MSC Trustees, MSC Certane and MSC Advisory are also subject to independent licensing compliance audit on an annual basis.
Compliance
MSC Group operates with an internal Compliance and Risk team to monitor compliance and report to company directors on a regular basis regarding adherence of our licensed companies to the Corporations Act and licensing conditions.
Both MSC Trustees and MSC Certane operate with majority external directors.
If any issues or breaches are not addressed by either the management or the board of the licensed company, the group’s Chief Risk Officer is obliged to report directly to ASIC.
Insurance Requirements
MSC Trustees, MSC Certane and MSC Advisory are required under licensing obligations to hold adequate insurance including professional indemnity at all times.
Singapore
Licence Requirements
MSC Capital Partners is regulated by the Monetary Authority of
Singapore (MAS) and holds a Capital Markets Services Licence (CMS) Licence to carry out regulated activities under the Security
and Futures Act (SFA) and the Financial Advisors Act (FAA). MSC
Capital Partners is required to meet strict compliance and financial
requirements as a condition of this license.
Audit
In adherence with MAS requirements, MSC Capital Partners is
subject to independent financial and compliance audit.
Insurance
MSC Capital Partners holds adequate insurance including
professional indemnity.
