Singapore: Implemented Financial Institutions (Miscellaneous Amendments) Act 2024 including new powers for the Monetary Authority of Singapore (MAS)
Description
Implemented Financial Institutions (Miscellaneous Amendments) Act 2024 including new powers for the Monetary Authority of Singapore (MAS)
On 5 April 2024, the Financial Institutions (Miscellaneous Amendments) Act 2024 entered into force. The Act includes new powers for the Monetary Authority of Singapore (MAS), aiming to enhance MAS's investigative, reprimanding, supervisory, and insp…
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