MAS Seeks More Protection for Accredited Investors
The Monetary Authority of Singapore intends to introduce legislative amendments to safeguard wealthier investors. The revisions are focused at granting wealthy individuals the option to choose protections available to retail investors.
Currently, Singapore law assumes that rich investors are better informed and have greater means to protect their own interests and therefore exempts banks from having to provide certain disclosures about financial products that are made to retail investors.
News Source: Bloomberg
About Monetary Authority of Singapore
Monetary Authority of Singapore (MAS) is Singapore’s central bank, which was formed back on 1 January 1971. It promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. MAS manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. It is also an integrated supervisor overseeing all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors, and the stock exchange.
- Origin : Singapore
- Assets : USD 385.12 billion
- Revenue : USD 1.89 billion
Official Website: www.mas.gov.sg
News & Media: Press Release
Updated on 8th August 2016