Experimenting in the sandbox

 

Active Sandbox Experiments

All active sandbox experiments will be listed in the table below:

Sandbox Entity 

Start Date of the Sandbox Period 

Expiry Date of the Sandbox Period 

 Remarks

Company Name: Kristal Advisors (SG) Pte Ltd

Incorporated In: Singapore

Address: 5 Shenton Way, #10-01 UIC Building, Singapore 068808

Telephone: +65 8511 9486

Institution Type: Fund Management

10 Aug 2017

10 Aug 2018

Clients of Kristal Advisors (SG) will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).

 

The sandbox expiry date has been extended from 10 May 2018 to 10 Aug 2018.

Company: Thin Margin Pte Ltd

Incorporated In: Singapore

Address: 1 Coleman Street, #10-06 The Adelphi, Singapore 179803

Telephone: +65 9834 7128

Institution Type: Money Changer

 20 Nov 2017

 19 Jul 2018

 

Clients of Thin Margin Pte Ltd will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).

 

Company: TransferFriend Pte Ltd

Incorporated In: Singapore

Address: 331 North Bridge Road, #02-01 Odeon Towers, Singapore 188720

Telephone: +65 3159 0029

Institution Type: Remittance Business

 22 Jan 2018  21 Jul 2018

Clients of TransferFriend Pte Ltd will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).

 

The sandbox expiry date has been extended from 31 May 2018 to 21 Jul 2018.

 

Company: MetLife Innovation Centre Pte Ltd ("MICPL")

Incorporated In: Singapore

Address: 9 North Buona Vista Drive, #20-05, Metropolis Tower One, Singapore 138588

Telephone: +65 6715 8809

Institution Type: Direct Insurer (General)

  18 Jun 2018

 17 Dec 20181

 

1MICPL has to fulfil all its contractual obligations to all its policy owners even after the expiry date of the sandbox.

Policies sold by MICPL are not protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

 

Clients of MICPL will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).

 

 

Engaging the services of a sandbox entity

From time to time, MAS receives information on companies that have claimed to be approved by MAS to experiment in the sandbox. Consumers should exercise care when dealing with these companies or with other persons acting on their behalf. Find out more here.

Are you thinking about purchasing a product or engaging the services of a company that is operating in the sandbox? Find out more here.

 

Last Modified on 04/06/2018