Official Notices
32 notices published
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 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 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.
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.
MAS: Official Govt Communications via .gov.sg Websites
MAS emphasizes that Singapore government agencies communicate through .gov.sg websites, such as go.gov.sg/open. Businesses must use trusted websites to access authentic official notices. This advisory helps verify genuine regulatory information.
ACRA Overview: Singapore's Regulator for Business and Accountancy
ACRA is Singapore's key regulator for business registration, financial reporting, public accountants, and corporate service providers. Established in 2004 and merged in 2023, it administers major business laws and fosters a trusted environment for innovation and growth. Its responsibilities include setting accounting standards and developing the accountancy sector.
ACRA ASC Updates: New SFRS(I) and FRS for 2026 Reporting Periods
ACRA's Accounting Standards Committee (ASC) has published collections of SFRS(I)s and FRSs applicable for annual periods starting 1 January 2026. Recent amendments address disclosures on uncertainties and subsidiaries without public accountability. Businesses should note upcoming consultations and leadership changes in ASC.
ACRA Aligns AGM and AR Timelines to FYE from 31 Aug 2018
ACRA has aligned timelines for holding Annual General Meetings (AGMs) and filing Annual Returns (ARs) to companies' Financial Year Ends (FYE) effective for FYE on or after 31 August 2018, reducing regulatory burden. Listed companies must hold AGMs within 4 months and others within 6 months post-FYE. AR filing deadlines are also tied to FYE, with safeguards on FYE changes to prevent arbitrary adjustments.
MAS Speech: Leadership & Value Creation in Singapore Listed Companies
Mr Chee Hong Tat, Deputy Chairman of MAS, addressed leadership and value creation in Singapore’s listed companies at the SID Chairpersons Guild launch. The speech, titled 'Setting the Standard', was delivered on 16 January 2026. Published by MAS for directors and business leaders.