MAS proposes tighter FI marketing controls
Feedback sought on enhanced rules to cover sale of financial products at public places and via retailers
Add BT as a preferred source
Ven Sreenivasan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE Monetary Authority of Singapore (MAS) on Thursday launched a consultation paper outlining proposals to enhance safeguards and controls for the sale of financial products by financial institutions (FIs) at public places and via third-party retailers.
Under the enhanced rules, MAS will require all FIs to notify it of their marketing and distribution activities at retailers and public places. This is to allow MAS to monitor the extent of such activities and tailor its supervisory approach accordingly.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
