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Financial Services Regulatory SingaporeClient Alert December 2019For more information, please contact: Stephanie Magnus +65 6434 2672 Stephanie.Magnus@bakermckenzie.c on Darren Yang +65 6434 2246 Darren.Yang@bakermckenzie.comMAS
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MAS publishes guidelines that are typically relevant to entities regulated by the Monetary Authority of Singapore (MAS).
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This includes banks, financial institutions, insurance companies, securities firms, fund management companies, money changers, and other licensed entities operating in Singapore's financial sector.
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Individuals working in these entities, such as compliance officers, executives, managers, and other relevant staff, may need to refer to and comply with these guidelines.
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It is important for these entities and individuals to stay updated with the latest MAS publishes guidelines to ensure compliance with regulatory requirements and best practices in the financial industry.
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MAS publishes guidelines on regulatory and supervisory matters relating to financial institutions, including risk management practices, corporate governance, and compliance.
Financial institutions and entities regulated by the Monetary Authority of Singapore (MAS) are required to observe and file in accordance with these guidelines.
Entities must follow the specific instructions provided in the guidelines, ensuring all required fields are completed accurately and submitted through the designated MAS portal.
The purpose is to provide a framework for financial institutions to ensure sound risk management, compliance with laws, and to promote stability within the financial sector.
Information concerning risk assessments, governance structures, compliance measures, and financial performance metrics must typically be reported.
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