MAS and MOH respond to recent letters and ST op-ed on Integrated Shield Plans (IPs) and clarify regulatory oversight over IP insurers.

This August 2020 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.

MAS announced changes to its senior management team and a new senior management appointment.

Information on culture and conduct outcomes financial institutions should work towards in specific areas such as governance, hiring, communication channels and performance management. The paper also provides examples of good practices gathered from a thematic survey and dialogue sessions conducted by MAS with banks, insurers and capital market intermediaries.

To consult on the draft notices on the competency requirements for representatives conducting regulated activities under the Financial Advisers Act and Securities and Futures Act.

Consultation number:

P006-2020

Start date:

04 September 2020

Closing date:

05 October 2020

Status:

Open

Proposals to formalise MAS’ expectations for CMS licensees, banks, merchant banks and finance companies to have policies and procedures to place and execute customers’ orders on the best available terms (also known as “Best Execution”) to support fair outcomes for customers.

Consultation number:

P020 - 2017

Start date:

20 November 2017

Closing date:

18 December 2017

MAS response date:

03 September 2020

Status:

Responded