Official Notices
28 notices published
Singapore's IMF Grant for Sudan Debt Relief: Business Implications
Singapore approves grant to IMF's PRG-HIPC Trust for Sudan's debt relief, signaling commitment to global financial stability. This parliamentary motion highlights MAS's role in international aid. Businesses with African exposure should assess emerging market opportunities amid geopolitical shifts.
MAS Urges Alternative Verification for Medically Vulnerable Bank Customers
MAS has responded to a parliamentary query by affirming banks' obligations to provide alternative identity verification methods for medically vulnerable customers unable to use standard digital processes. This clarification emphasizes customer-centric compliance amid rising digital KYC adoption. Businesses in finance must review verification protocols to avoid exclusion risks and enhance inclusivity.
MAS Rules on Insurance Sales via E-commerce Platforms Clarified
MAS affirms that insurance distribution through e-commerce requires licensed intermediaries, emphasizing consumer protection and compliance. E-commerce platforms must partner only with licensed entities and ensure proper disclosures. Businesses should review partnerships to avoid regulatory risks.
MAS Clarifies Credit Card Fraud Liability & Dispute Rules
MAS's parliamentary reply outlines the existing framework for credit card fraud liability, emphasizing prompt customer notification to limit personal losses. Banks must resolve disputes within 30 days under the Code of Banking Practice. Businesses should review payment processes to mitigate fraud risks and enhance customer trust.
MAS Expands Equity Market Development Programme: Strategic Insights
MAS has announced the expansion of its Equity Market Development Programme (EMDP) to enhance Singapore's equity market liquidity and listings. The initiative introduces higher grant support and new eligible activities for businesses. This presents timely opportunities for companies considering IPOs or market-making roles amid evolving capital market dynamics.
MAS Reply: No Industrial Policy Needed for Singapore Finance Sector
MAS clarifies Singapore will not adopt a traditional industrial policy in finance, emphasizing competitiveness, innovation, and global integration instead. This stance reassures businesses of a stable, open regulatory environment. Strategic focus on talent, technology, and sustainability offers growth opportunities across firm sizes.
MAS Workgroup to Boost Singapore Growth Capital Ecosystem
MAS has convened a multi-stakeholder workgroup to strengthen Singapore's growth capital ecosystem, targeting funding gaps for scaling companies. This initiative aims to attract more investors and enhance market infrastructure. Businesses stand to benefit from improved access to expansion capital amid evolving funding landscapes.
MAS Appoints Finance Expert Krishnamurthy as NUS Distinguished Professor
MAS has appointed renowned finance professor Arvind Krishnamurthy as its Distinguished Term Professor at NUS, signaling deeper ties between regulators and academia. This move emphasizes research in macro-finance and financial stability, potentially shaping future policies. Financial businesses gain opportunities for insights and collaborations amid evolving regulations.
MAS Monetary Policy Statement - January 2026
The Monetary Authority of Singapore released its January 2026 Monetary Policy Statement. It highlights that government agencies communicate exclusively via official .gov.sg websites, such as go.gov.sg/open. Businesses should rely on trusted websites for authentic regulatory updates.
Singapore Joins Global Efforts to Support IMF Aid for Vulnerable Countries
Singapore will participate in international initiatives backing the IMF's programs for vulnerable nations. This aligns with global financial cooperation efforts led by MAS. The move underscores Singapore's role in international financial stability.