These guidelines set out the general principles behind MAS' policy stance on the scope and application of the extra-territorial effect of the SFA in relation to cross-border activities. It applies to the conduct of all regulated activities under the SFA.

They include:
  • Background on section 339.
  • Elaboration of intent and scope of section 339.
  • General principles on the non-applicability of section 339(2).
  • Illustrations on the applicability of section 339.