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     ENSURING SOUND MARKET CONDUCT   . Developing Framework for Composition of Offences . Publishing Unlicenced Operators . Box 6 – Integrated Dispute Resolution Scheme . Improving Corporate Disclosure . Enhancing Management of Insurance Agents . Helping Consumers Better Understand “Critical Year” . Regulatory Frameworks for Business Trusts and Trust Companies . Consulting Industry on CIS . Box 7 – MoneySENSE – Singapore’s Financial Education Programme . Box 8 – Boosting Research . Health Insurance and Changing Demographics . Box 9 – Coping with E-Banking Risks   Box 8 BOOSTING RESEARCH   In September 2003, the stock-broking community received a boost from the SGX-MAS Research Incentive Scheme. Under the scheme, public-listed companies will be covered by at least two research firms and any research reports produced will be made available to the public free of charge on the SGX website. Each participating research firm will provide regular research coverage on at least 15 stocks. As at May 2004, nine research firms and 122 listed companies participated in this scheme. More than 14,000 users have also signed up for access to the research reports.