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  General Counsel’s Office 91
 
Dealing with Legal Matters  
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  GENERAL COUNSEL’S OFFICE

Dealing with Legal Matters
 

The General Counsel’s Office (GCO) provides proactive and solution-oriented legal services on supervisory and regulatory issues, financial and commercial matters, and international agreements. Working together with the supervisory and policy departments in MAS, GCO provides legal services in developing the regulatory framework for a sound and progressive financial centre in line with international best practices.

In the past year, GCO dealt with 3000 queries for legal advice and drafted two new Bills and amendments to three Acts. It also revised other regulations, notices and directions. In addition, GCO provided legal advice in the negotiation of Free Trade Agreements entered into by Singapore and for the Memorandum of Understanding of Cooperation between financial regulators. It also published two issues of the GCO Legal Bulletin, an in-house legal journal. In the international arena, GCO represents MAS in the Global Contact Group of the Financial Markets Law Committee. The Group, which is made up of central bank lawyers, addresses current legal issues in the financial markets.