Consultation Paper on Proposed Amendments to MAS Investigative and Other Powers under the Various Acts
This consultation seeks views on the proposals (i) to strengthen MAS’ investigative powers to enhance its ability to gather evidence; (ii) to clarify that MAS may reprimand a person for misconduct even after the person has left a financial institution (FI) or the financial industry; and (iii) to introduce powers to enable MAS to impose requirements on certain FIs to manage risks arising from the conduct of unregulated businesses.
Consultation Number:
P008-2021
Start Date:
02 July 2021
Closing Date:
01 August 2021
MAS Response Date:
16 February 2024
Response date: 16 Feb 2024
Responded
The consultation response was published on 16 February 2024.
Proposed amendments to enhance and harmonise MAS authorisation and supervisory powers across the SFA, FAA and TCA. MAS also sought comments on allowing the pledging of securities held in CDP direct accounts for collateralised trading.