Licensing and Authorisation
MAS regulates and supervises over 150 deposit-taking institutions in Singapore, including full banks, wholesale banks, merchant banks and finance companies. Credit card and charge card issuers in Singapore are governed by the Banking Act . With a total asset size of almost US$2 trillion, the Singapore banking sector is critical to Singapore’s role in financing local and regional growth in trade and infrastructure, and an established global private banking centre.
Regulations and Guidance
MAS is governed by the MAS Act, which confers on it powers to issue legal instruments for regulation and supervision of financial institutions.
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What's New
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Strengthening Financial Institutions’(FIs) Countering the Financing of Terrorism (CFT) Controls
MAS conducted an industry-wide survey of CFT-related controls, and followed up with a series of thematic reviews to assess FIs’ TF risk understanding and examine the effectiveness of their CFT-related controls. This paper sets out MAS’ key observations, and highlights our supervisory expectations that FIs should review...
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Gambling Control Act Order
Payment Blocking Order to financial institutions, issued pursuant to section 118(3) of the Gambling Control Act 2022
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Remote Gambling Act Order
Payment Blocking Order to financial institutions, issued pursuant to section 21(3) of the Remote Gambling Act 2014.
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FAQs - Notice on Technology Risk Management
Frequently asked questions about the Notice on Technology Risk Management.
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Financial Services and Markets Act 2022
The Financial Services and Markets Act 2022 (FSMA) is an omnibus Act for the sector-wide regulation of financial services and markets. Parliament passed the FSMA on 5 April 2022. The FSMA will be implemented in phases, with Phase 1 commencing on 28 Apr 2023. Phase 1 of the FSMA implementation relates to the porting of the Anti-Money Laundering/Countering the Financing of Terrorism framework, the financial dispute resolution schemes framework, and the general powers over financial institutions from the Monetary Authority of Singapore Act 1970 to the FSMA.