Central Banking

MAS issues new risk-based capital requirements

SINGAPORE - With effect from 1 October 2002, holders of Capital Markets Services (CMS) licences will be subject to new risk-based capital requirements under a subsidiary legislation of the Securities and Futures Act 2001.

The Monetary Authority of Singapore (MAS) said in a statement Tuesday that this was following its earlier announcement on 11 Sept on the implementation of the final phase of the Securities and Futures Act (SFA) on 1 October 2002.

The Securities And Futures (Financial and Marg

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