Singapore: Signed Financial Institutions (Miscellaneous Amendments) Bill 2024 including new powers for the Monetary Authority of Singapore (MAS)
Description
Signed Financial Institutions (Miscellaneous Amendments) Bill 2024 including new powers for the Monetary Authority of Singapore (MAS)
On 22 March 2024, the Financial Institutions (Miscellaneous Amendments) Bill 2024 was signed by the President of Singapore. The Bill includes new powers for the Monetary Authority of Singapore (MAS), aiming to enhance MAS's investigative, reprimandi…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2024-01-10
under deliberation
2024-03-07
adopted
2024-03-22
adopted