Acts
Published Date: 30 December 1999

Monetary Authority of Singapore Act (Cap. 186)

Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.

In 1970, Parliament passed the Monetary Authority of Singapore Act, leading to the formation of MAS on 1 January 1971.

The MAS Act gives MAS the authority to regulate the financial services sector in Singapore. MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and credit and exchange policies conducive to the growth of the economy.