Types of Entities and Licences
Insurers and insurance brokers are licensed and governed under the Insurance Act . Find out about the different types of insurance entities and their licensing requirements.
For the list of insurers and insurance brokers in Singapore, see the Financial Institutions Directory.
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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ID 07/23 - Supervisory Expectations for USD LIBOR and SOR Transition
To provide insurers with updates and FAQs on supervisory expectations for benchmark transition.
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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.
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Consultation Paper on Enhancing Safeguards for Proper Conduct of Prospecting Activities at Public Places and Telemarketing
This consultation paper seeks feedback on our proposals to enhance safeguards for proper conduct of prospecting activities at public places and telemarketing, and address conduct risks and issues associated with these activities.
- Consultation number:
- P002-2003
- Start date:
- 25 April 2023
- Closing date:
- 30 June 2023
- Status:
- Open