Monetary Authority of Singapore Act 1970

Act 1970

Issued by Monetary Authority of Singapore

Plain-English summary

Establishes the Monetary Authority of Singapore as a corporation and covers its control and resolution of financial institutions and a framework for issuing securities and regulating primary dealers. MAS enforcement releases cite section 27B(2) and section 176(1A) of this Act for AML/CFT notice breaches and composition penalties.

Who it applies to

Banking · Insurance · Capital Markets · Payments & Fintech

Topics

Prudential & Capital AML / CFT / Sanctions

Official source

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