Posted By Steve On Friday, October 16th, 2009 With 0 Comments

Regulatory Bodies
Monetary Authority of Singapore (MAS): oversees the securities industry through the Securities and Futures Act (SFA), which governs seven regulated activities including the provision of custodial services for securities. MAS is also the defacto central bank and administers the Banking Act, which governs financial institutions operating in Singapore. The MAS conducts routine inspections on banks to ensure sound banking practices and compliance.

The Singapore Exchange: The Singapore Exchange (SGX) is a public company approved by the Minister of Finance to conduct the business of a securities exchange. The SGX is responsible for the regulation of its member companies in accordance with its rules and by-laws. It also ensures that listed companies comply at all times with the SGX listing requirements and corporate disclosure policy.

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