Last Revised Date: 16 February 2024

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:
Start Date:
02 July 2021
Closing Date:
01 August 2021
MAS Response Date:
16 February 2024
Response date: 16 Feb 2024
The consultation response was published on 16 February 2024.