MAS tweaks rules for 'robo-advisers'

Singapore

SO-CALLED "robo-advisers" may be exempted from some statutory rules if they have other safeguards in place, under a new framework from the Monetary Authority of Singapore (MAS).

The MAS unveiled the guidelines on Monday, in a move that it said would fine-tune the requirements and improve clarity for digital services that automate investment advice with little to no human interaction.