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   Enhancing Management of Insurance Agents   A Working Group comprising MAS and the Agents Registration Board (ARB) of the General Insurance Association of Singapore (GIA) was formed to enhance the management and supervision process for general insurance agents. The Working Group’s recommendations included:   • Having more robust principal-for-agent accountability rules. • Enhancing the role of ARB as an information repository for the industry on agency matters. • Establishing a centralised IT database on agency information to facilitate the tracking of all agents.   A public consultation will be conducted on these recommendations to gather relevant feedback before implementation.