MAS: Annual report 2006 / 2007
 
  CONTENTS
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STATISTICAL ANNEX
A. MONETARY STATISTICS  
B. FINANCIAL STRUCTURE  
  B.1 Number of Financial Institutions in Singapore 104
C. COMMERCIAL BANKS  
D. FINANCE COMPANIES  
E. MERHCANT BANKS  
F. INSURANCE INDUSTRY  
G. NON-BANK FINANCIAL INSTITUTIONS  
H. DOMESTIC CAPITAL MARKET  
I. ASIAN DOLLAR MARKET  
 
  B.1 NUMBER OF FINANCIAL INSTITUTIONS IN SINGAPORE
 
   
 
1 1 All local banks are full banks.
2 Previously known as restricted banks.
3 Figure includes 20 companies on run-off.
4 Figure excludes 26 direct life brokers. With effect from 1 October 2002, the regulation of direct brokers was transferred to the Financial Advisers Act (FAA).
   
 
   
 
5 Financial Adviser’s Licence is issued under the FAA which came into force on 1 October 2002.
6 In view of the Single licensing framework under Secur ities and Futures Act (SFA) which was implemented from 1 October 2002, the data before and after 2 October 2002 are not directly compatible. The new licensing regime allows companies to engage in seven regulated activities. Before implementation of the SFA, the old regime was governed under the repealed Securities Industry Act and the Futures Trading Act, which provided for five different licenses to perform the full range of capital market activities. The five licenses are: dealer’s licenses, investment adviser’s license, futures broker’s license, futures trading adviser’s license, and futures pool operator’s license.
7 This shows the number of the investment advisers operating pursuant to the Securities Industry Act and one futures pool operator operating pursuant to the Futures Trading Act.