The Monetary Authority of Singapore (MAS) has released a consultation paper on proposed amendments to the Code on Collective Investment Schemes (Code). The Code prescribes best practices in the management, operation and marketing of collective investment schemes (CIS) authorised under the Securities & Futures Act. The proposed amendments aim to provide clarity and to increase […]
The Macroeconomic Review is published twice a year by MAS in conjunction with the release of the MAS Monetary Policy Statement (MPS). The purpose of the Review is to provide information on the Economic Policy Group’s background analysis and assessment of GDP growth and inflation developments in the Singapore economy, and in doing so, to […]
MAS yesterday released a consultation paper pertaining to revamp of the licensing requirements of fund management companies (FMCs). Currently, persons conducting regulated activities in Singapore under the SFA are required to obtain a Capital Markets Services [“CMS”] licence. The Second Schedule to the SF(LCB)Regs provides exemptions from the need to hold a CMS licence for […]
Yesterday, MAS released their monetary policy statement for the first half of this year. In a double move, it has re-centred its policy band at the Singapore dollar’s current level, and allowed for a modest and gradual appreciation of the unit. This marks a change from the no-appreciation policy in place since October 2008 and […]
From time to time, MAS receives information on persons who are possibly conducting activities regulated by MAS without authorisation. Some of these unregulated persons may sometimes use names similar to that of entities regulated by MAS. MAS maintains an investor alert list, on whom MAS has received information and who are not authorised by MAS […]