SSIC 6430 - Trusts, Funds and Similar Financial Entities

Companies in This Category (2,363)

Understanding SSIC 6430

The SSIC 6430 classification pertains to trusts, funds and similar financial entities. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Subject to compliance with the Companies Act (Cap. 50) regarding financial reporting and auditing requirements, particularly Section 201 and related sections on accounts.
Common business structures include private limited companies (Pte Ltd) acting as fund managers, and unit trusts established under trust deeds.
Frequent regulatory requirements include licensing and compliance with the Monetary Authority of Singapore (MAS) regulations, such as the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA), depending on the fund's activities and target investors.

Common Business Operations

Trusts, funds and similar financial entities (including unit trusts, real estate investment trusts, private equity funds and venture capital funds).

Managing investment portfolios, including stocks, bonds, real estate, and other assets, on behalf of investors.

Examples include Real Estate Investment Trusts (REITs) listed on the Singapore Exchange (SGX) and private equity funds investing in Singaporean startups, as classified under ACRA's guidelines for financial services.

Industry practices often align with the Economic Development Board's (EDB) sector reports on the financial services industry, focusing on areas like asset management and fintech innovation.

SSIC 6430 Trusts, Funds and Similar Financial Entities

Companies in This Category (2,363)

Understanding SSIC 6430

Key Characteristics:

Common Business Operations