MAS
singapore government grants regulator wider powers
The Singaporean government has passed two Bills aimed at strengthening investor protection and increasing the Monetary Authority of Singapore’s powers of enforcement, as it seeks to emulate regulators in Australia and the UK.
Tax & Regulation | 15 Oct 12
legislation would boost investor protection
Two bills aimed at protecting investors were introduced into the Singapore Parliament today, as the first part of a two-phase review of Singapore’s existing Securities and Futures and Financial Advisers acts.
Tax & Regulation | 15 Oct 12
singapore regulator ticks off pias
Professional Investment Advisory Services has been reprimanded by the Monetary Authority of Singapore for failing to ensure that “two of its representatives held the requisite licence under the Financial Advisers Act to carry out the financial advisory activities of advising others”.
tax offences to be made money laundering
The Monetary Authority of Singapore is planning to make some tax crimes money laundering “predicate offences” under proposals announced today.
singapore insurer fined for giving
A large general insurer in Singapore has been fined by the local regulatory authority for allowing unqualified staff to sell insurance products to the public.