Singapore moves to expand MAS’s supervisory powers

Central bank would oversee currently unregulated activities and have greater investigative remit

Monetary Authority of Singapore
The Monetary Authority of Singapore
George Johnson

Singapore’s government has introduced a draft law considerably expanding the central bank’s investigative and supervisory powers.

It introduced the law proposing new powers for the Monetary Authority of Singapore (MAS) on January 10, following a public consultation in 2021. The law would give the MAS powers to issue written directions to holders of capital markets services licences (CMSL) who were conducting currently un-regulated activities.  

The governing People’s Action Party holds 79 out of

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