Hello! I am looking to find out what are the rules for Singapore residents for opening friends and family acounts with Interactive brokers or other such brokers. Does one require permissions from MAS Singapore or is it regulation free? I would like to start managing money for friends/family in Singapore (high networth) but am wondering if there are any local regulations that I would need to follow even if I was managing initially under 5 sub accounts and less than 3m usd in total. Do I have to register with any authority or let anyone know or can I just open an account. Interactive Brokers is not clear about local Singapore requirements. Feedback on this would be much appreciated. Thanks in advance.