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Submitted URL: http://172-104-57-148.ip.linodeusercontent.com/
Effective URL: https://172-104-57-148.ip.linodeusercontent.com/
Submission: On April 08 via manual from SG — Scanned from SG
Effective URL: https://172-104-57-148.ip.linodeusercontent.com/
Submission: On April 08 via manual from SG — Scanned from SG
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sg-crest A Singapore Government Agency Website How to identify Official website links end with .gov.sg Government agencies communicate via .gov.sg websites (e.g. go.gov.sg/open). Trusted websites Trusted websites Secure websites use HTTPS Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites. * eServices * MAS-Tx * Directories * Who We Are * Contact Us Show menu * * Regulation Back REGULATION Access regulations, updates and licensing information * Banking Regulations, guidance and licensing for deposit-taking institutions * Licensing * Regulations and Guidance * Capital Markets Regulations, guidance and licensing for capital market entities * Licensing * Regulations and Guidance * Offers of Investments * Disclosures * Insurance Regulations, guidance and licensing for insurers * Licensing * Regulations and Guidance * Payments Regulations, guidance and licensing for payment service providers and systems * Licensing * Regulations and Guidance * Focus Areas Information on MAS’ approach, strategies and efforts in these key areas * Anti-Money Laundering * Enforcement * FinTech Regulatory Sandbox * Cyber Security * Interest Rate Benchmarks Transition * Third-Party Risk Management * Supervisory Approach and Regulatory Instruments MAS’ approach to supervision and the instruments under the Acts it administers QUICK LINKS * Financial Institutions Directory * Register of Representatives * Investor Alert List * Enforcement Actions * Lists of Designated Individuals and Entities * Development Back DEVELOPMENT Find out about MAS’ strategies to develop and support the financial sector * Why Singapore Discover what makes Singapore a leading global financial centre * FinTech and Innovation Find out how MAS is co-creating a Smart Financial Centre * FinTech and Innovation Overview Latest information on MAS’ FinTech strategy, initiatives and funding schemes * Grants for Innovation Get funding on proof-of-concepts, hiring, business development and more * Regulatory Sandbox Sandbox relaxes regulatory requirements to enable live experiments of innovation * E-Payments Various payment initiatives including SGQR, FAST and PayNow * Green FinTech Understand the various initiatives for technology solutions and projects in Green Finance. * Digital Assets Unlocking new possibilities for the future of financial services through Digital Assets * Singapore FinTech Festival World’s largest festival for the FinTech community to connect, collaborate and co-create * SG FinDex World's first to use national digital ID & online consent system for secure financial data * Business sans Borders A collaborative AI-driven global solutions hub to foster SME digitalisation * Sustainable Finance Find out how Singapore can be a leading centre for Green and Sustainable Finance * Sustainable Finance Overview * Transition credits * Taxonomy * Regulatory and Supervisory Approach * Sustainable Financing Solutions * Sustainable Talent Ecosystem * Green FinTech * International and Regional Collaborations * Investment Portfolio * MAS' Operations * Business Areas Find out about the opportunities and plans that MAS has to grow your business areas * Asset Management * Enterprise Financing * Wealth Management * Foreign Exchange & Derivatives * Fixed Income * Infrastructure Finance * Sustainable Finance * Insurance & Risk Financing * Set Up & Expansion Read about the support that is available for your business operations * Grants * Financial Institutions * Grants for Smaller Financial Institutions * Innovation Centres * FinTech Startups * Proof of Concept * Skills & Talent Development Find out how MAS and our partners build a pipeline of financial professionals and leaders QUICK LINKS * Financial Institutions Directory * Register of Representatives * Monetary Policy Back MONETARY POLICY Read about MAS’ monetary policy framework, central bank operations and related information * Policies, Statements and Surveys * Singapore's Monetary Policy Framework * MAS Monetary Policy Statements * MAS Macroeconomic Review * Consumer Price Developments * Recent Economic Developments in Singapore * MAS Survey of Professional Forecasters * Central Bank Operations * Liquidity Facilities * Emergency Liquidity Assistance * MAS Bills * FX Global Code * Singapore Overnight Rate Average (SORA) Interest Rate Benchmark * MAS Floating Rate Notes * Economics Education * Inflation and Monetary Policy * Economics Explorer * Research * Macroeconomic Models * Asian Monetary Policy Forum * Other Publications * Advance Release Calendar * Bonds & Bills Back BONDS & BILLS Get information on SSB, SGS Bonds, T-bills, MAS Bills and MAS FRN * Auctions and Issuance Calendar * Products for Individuals * Singapore Savings Bonds (SSB) * Singapore Government Securities (SGS) Bonds * Treasury-bills (T-bills) * Products for Institutions * Singapore Government Securities (SGS) Bonds * Treasury-bills (T-bills) * MAS Bills * MAS FRN * Statistics * SGS Statistics * SSB Statistics * MAS Bills Statistics * Investment Guides * Investing in Singapore Government Securities (SGS) Bonds * Investing in Singapore Savings Bonds (SSB) QUICK LINKS * My Savings Bonds * eApps * Currency Back CURRENCY Discover more about the Singapore’s currency * Circulation Currency * Notes * Coins * Identifying Genuine Currency * Mutilated Currency * Currency Distribution Cycle * Brunei-Singapore Currency Interchangeability Agreement * Commemorative and Numismatic Currency * Past Notes * Past Coins * Redemption * Accepting Legal Tender * Using Images of Singapore Currency * History of Currency in Singapore * Publications Back PUBLICATIONS Access the various consultations, monographs, macroeconomic reviews and other publications * Consultations * Monographs/Information Papers * Annual Reports * Sustainability Reports * Macroeconomic Reviews * FATF Statement * Economic Essays * Financial Stability Reviews * Recent Economic Developments * Staff Papers * Financial Sector Development Fund Annual Report * Statistics Back STATISTICS View data on Singapore’s financial sector, reserves statistics, exchange rates and others * Exchange Rates * Monthly Statistical Bulletin * About the Monthly Statistical Bulletin * Money and Banking * Non-Bank Financial Institutions * Financial Markets * Key Economic Indicators * Current and Past Issues * Housing and Bridging Loans * Interest Rates and Core Inflation * MAS Core Inflation * Domestic Interest Rates * Interest Rates of Banks and Finance Companies * Bonds & Bills Statistics * SGS Statistics * Savings Bonds Statistics * MAS Bills Statistics * Insurance Statistics * Annual Statistics * Quarterly Unaudited Statistics * Insurance Company Returns * Currency Statistics * Reserve Statistics * Official Foreign Reserves * Monetary Authority: Assets and Liabilities * International Reserves/Foreign Currency Liquidity * Reserves Management Government Securities * Foreign Exchange Operations * RMB Statistics * OTC Derivatives Statistics * About OTC Derivatives Statistics * Monthly Statistics * Payment Statistics * Semi-Annual Retail Payment Statistics * Access and Submit Statistical Surveys * View a list of Application Programming Interfaces (APIs) * News Back NEWS Get the latest news, speeches, updates and announcements * Media Releases * Speeches * Videos * Parliamentary Replies * Letters to Editor * Consumer Price Developments * Monetary Policy Statements * Enforcement Actions * Bond and Bills * Careers Back CAREERS Find out about working in MAS and the various opportunities that are available * Why Join Us * Learning and Development at MAS * Meet Our People * Opportunities for Mid-Career Professionals * Opportunities for Students & Graduates * Scholarship * Graduate Officers * Internship Programme * eServices Back ESERVICES * MAS-Tx * Directories * Who We Are * Contact Us Show search box Search prevstop animationstopnext slide 2 of 5 Warning on Scammers Impersonating as MAS Officers The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) warns the public on a Government Official Impersonation Scam variant. Read the Media Release “Investing in Change: Supporting Asia’s Development and Transition” Opening Address by MAS Managing Director Mr Chia Der Jiun at the IMAS Investment Conference 2024 READ THE SPEECH Speech by MOS Alvin Tan at Committee of Supply (COS) Debate 2024 Reply to COS Cuts on fair and responsible insurance practices and safeguarding bank customers' interests READ THE SPEECH MAS Monetary Policy Statement - January 2024 Read the Monetary Policy Statement Launch of the Singapore Sustainable Finance Association (SSFA) Speech by Mr Chia Der Jiun, MD of MAS, at the launch event Read The Speech Warning on Scammers Impersonating as MAS Officers The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) warns the public on a Government Official Impersonation Scam variant. Read the Media Release “Investing in Change: Supporting Asia’s Development and Transition” Opening Address by MAS Managing Director Mr Chia Der Jiun at the IMAS Investment Conference 2024 READ THE SPEECH Decrease font size Increase font size Print this page LATEST NEWS View All News * Parliamentary Replies 03 April 2024 Written reply to Parliamentary Question on interest rates and late payment fees for loans * Parliamentary Replies 03 April 2024 Oral reply to Parliamentary Question on MAS' oversight of the Central Depository Pte Ltd (CDP) and avenues and adequacy of assistance available to CDP customers * Media Releases 03 April 2024 Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) Formally Join the Regional Payment Connectivity Initiative (RPC) LATEST PUBLICATIONS View All Publications * Consultations Last Revised Date: 02 April 2024 CONSULTATION PAPER ON PROPOSED AMENDMENTS TO THE PAYMENT SERVICES REGULATIONS This consultation paper sets out proposed amendments to the Payment Services Regulations 2019, to implement key segregation and custody requirements for digital payment token services. Conduct Consultation number: P007 – 2023 Start date: 03 July 2023 Closing date: 03 August 2023 MAS response date: 02 April 2024 * Consultations Published Date: 28 March 2024 CONSULTATION PAPER ON THE PROPOSED NOTICE ON PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM FOR ORGANISED MARKET OPERATORS FORMED OR INCORPORATED IN SINGAPORE This consultation paper seeks views on MAS’ proposals to issue an AML/CFT Notice for organised market operators formed or incorporated in Singapore in the conduct of their operations and business activities . Consultation number: P002-2024 Start date: 28 March 2024 Closing date: 29 April 2024 * Consultations Last Revised Date: 28 March 2024 CONSULTATION PAPER ON REPEAL OF REGULATORY REGIME FOR REGISTERED FUND MANAGEMENT COMPANIES This consultation paper seeks feedback on the proposed transitional arrangements for existing Registered Fund Management Companies (“RFMCs”) that intend to continue operating fund management businesses following the repeal of the regulatory regime for RFMCs. Licensing, Authorisation and Registration Exemptions Regulatory Submissions Investment Management Representative-related Capital and Financial Resources Key Appointments Consultation number: P015 - 2023 Start date: 24 October 2023 Closing date: 31 December 2023 MAS response date: 28 March 2024 UPCOMING RELEASES View All MAS releases regular policy statements, publications and statistics on a monthly, quarterly and semiannual basis. OUR KEY FUNCTIONS PROMOTING ECONOMIC GROWTH AND FINANCIAL STABILITY Explore further * Macroprudential Policies * Monetary Policy Statements * SORA Interest Rate Benchmark MAINTAINING A ROBUST, RESILIENT AND TRUSTED FINANCIAL CENTRE Explore further * Financial Institutions Directory * Enforcement * Anti-Money Laundering DEVELOPING AN INNOVATIVE AND INCLUSIVE FINANCIAL CENTRE Explore further * Sustainable Finance * FinTech and Innovation * Grants OUR RELATED SITES MONETARY AUTHORITY OF SINGAPORE Subscribe to Updates Get notified whenever news and updates are posted on this website. * Contact Us * * * * Report Vulnerability * | * Privacy Statement * | * Terms of Use * © 2024, Government of Singapore.Last updated on 03 Apr 2024