MAS and CSRC Advance Regulatory Collaboration and Capital Markets Connectivity at the 6th Bilateral Roundtable
Singapore, 3 February 2022…The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) exchanged information to advance cooperation in capital markets supervision and connectivity at the 6th MAS-CSRC Supervisory Roundtable last week. Both sides discussed the implementation of the capital markets collaboration initiatives announced at the recent between Singapore and China held in December 2021.
2. Co-chaired by MAS’s Deputy Managing Director Ms Ho Hern Shin and CSRC’s Vice Chairman Mr Fang Xinghai, the Roundtable focussed on key supervisory issues, which included developments in sustainability reporting, OTC derivatives reporting requirements, as well as the supervisory and regulatory approaches for exchange traded products and market misconduct. MAS and CSRC also exchanged views to strengthen capital markets connectivity and support deeper collaboration between our exchanges.
3. Ms Ho said, “CSRC and MAS enjoy strong and warm relations, and benefit from a close supervisory partnership. Given the interest by our financial institutions to expand in each other’s markets and evolving market developments, the annual Roundtable is an important platform to discuss supervisory issues and areas of common interest, including sustainable finance.”
Opening Remarks by Mr Ravi Menon, Managing Director of MAS, at the 25th Anniversary Celebration of IMF-Singapore Regional Training Institute
The partnership will focus on finding ways to better mobilise financing to make digital services more affordable and accessible for underserved individuals and communities, and MSMEs, with the support of financial institutions and FinTech companies.
MAS today launched a public consultation on its proposal to streamline the regulatory framework for fund managers. Specifically, the existing Registered Fund Management Companies (RFMCs) regime will be repealed, and existing RFMCs that are in operation will be approved as Licensed Fund Management Companies upon application.