THE FINANCIAL SECTOR: KEY SUPERVISORY AND REGULATORY INITIATIVES       Content Page Supervision Regulation Risk-based Regulatory Regime Fine-Tuning Regulatory framework Ensuring Sound Market Conduct Innovative Systems for Efficient Payment and Settlement     FINE-TUNING REGULATORY FRAMEWORK   . Amending the SFA and FAA . Enhancing Regulations for Investment-linked Policies and Unit Trusts . Consolidating Rules on Credit and Charge Cards . Box 5 – Deposit Insurance Scheme . Risk Management Guidelines . Win-win Partnership with Industry . Divesting Non-financial Businesses . Revised Regulations on Credit Files, Grading and Provisioning       Box 5 DEPOSIT INSURANCE SCHEME   MAS has completed the second phase of the study to establish the Deposit Insurance (DI) scheme in Singapore. In April 2004, MAS released a second consultation paper on the scheme. The paper made recommendations on the implementation details for the administration of DI, including the mandate and governance of DI, coverage of specific deposits and depositors, the depositor payout process and management of the DI fund.