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
 
 
SUPERVISION
 
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Box 1 – Fostering a Sound and Progressive Financial Services Sector . Enhancing MAS’ Supervisory Capabilities
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Box 3 – Streamlining Inspection Function . Thematic Inspections to Improve Surveillance
 
Box 3
STREAMLINING INSPECTION FUNCTION
 
In the capital markets, both MAS and the Singapore Exchange (SGX) have inspection power over SGX members. With effect from 1 July 2003, MAS
assumed the primary responsibility for the on-site inspections of SGX members for their compliance with rules and regulations under the securities legislation. SGX remains responsible for the members’ compliance with membership rules and requirements. The streamlining of the inspection function is part of our continuing efforts to improve the efficiency of regulation in Singapore.