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Monetary Authority of Singapore

About Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) was established on 1 January 1971, following the passage of the Monetary Authority of Singapore Act by Parliament in 1970.

The formation of MAS represented a significant achievement in consolidating the regulatory and supervisory responsibilities of Singapore's financial sector under a single authority.

MAS's original mandate was to regulate the financial services sector and act as banker and financial agent for the Government.

Over the years, MAS's mandate has expanded dramatically.

In April 1977, MAS assumed responsibility for supervising the insurance industry, followed by the Securities Industry Act in September 1984, which granted MAS regulatory oversight of capital markets.

On 1 October 2002, MAS merged with the Board of Commissioners of Currency, and thus, MAS assumed the exclusive power to issue Singapore's currency.

Today, MAS oversees a comprehensive set of laws relating to money, banking, insurance, securities, and the overall financial system, operating as Singapore's central bank and as an economic regulator and integrator.

Core Mission and Strategic Goals

MAS's mission statement is to promote sustained, non-inflationary economic growth while maintaining a sound, progressive, and internationally competitive financial centre.

Jurisdiction

Government Reg.

Overall Rating

Licensed Brokers

High

Transparency Index

Tier 1

Global Tier

IOSCO Member

FATF Member

Key Performance Indicators

Total Rating

550

Total cumulative score across all categories

Average Rating

Average score across all performance metrics

Years Active

Years of regulatory operation

Active Licenses

Currently active licenses

Regulated Instruments

Types of financial instruments

Geographical Coverage

Countries under jurisdiction

Client Protection Details

Client Fund Insurance

Insurance coverage protecting client deposits and funds

✓

Status:No mandatory insurance (but strict fund segregation)

Coverage: No mandatory insurance (but strict fund segregation)

Account Managed Separately

Requirement for client funds to be held separately from company funds

✗

Operational Metrics

compliance

Transparency Level

High

market

Market Position

Tier 1

Compliance Status

IOSCO Membership

Member of International Organization of Securities Commissions

✓ Compliant

FATF Membership

Financial Action Task Force compliance

✓ Compliant

Regulatory Performance Scores

Detailed assessment of regulatory capabilities and effectiveness

Excellent

92SCORE

Overall Rating

Excellent

Excellence Rate

100

Highest Score

Regulatory Support Features

Negative Balance Protection

Not Supported

Investment Professional

Not Supported

Account Managed Separately

Not Supported

Core Performance Metrics

Detailed breakdown of the 6 key regulatory performance indicators

License Value

Value and prestige of licenses issued by this regulator

100

out of 100

Excellent

Performance Summary

This regulator shows excellent performance with an overall score of 92.

Strongest performance in License Value

Transparency Level: high

Global Tier: tier1

IOSCO Member

FATF Member

Overall

About Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) was established on 1 January 1971, following the passage of the Monetary Authority of Singapore Act by Parliament in 1970.

The formation of MAS represented a significant achievement in consolidating the regulatory and supervisory responsibilities of Singapore's financial sector under a single authority.

MAS's original mandate was to regulate the financial services sector and act as banker and financial agent for the Government.

Over the years, MAS's mandate has expanded dramatically.

In April 1977, MAS assumed responsibility for supervising the insurance industry, followed by the Securities Industry Act in September 1984, which granted MAS regulatory oversight of capital markets.

On 1 October 2002, MAS merged with the Board of Commissioners of Currency, and thus, MAS assumed the exclusive power to issue Singapore's currency.

Core Mission and Strategic Goals

MAS's mission statement is to promote sustained, non-inflationary economic growth while maintaining a sound, progressive, and internationally competitive financial centre.

Official Description

Contact Information

Live chat

https://eservices.mas.gov.sg/consumerfee...

Phone

656225-5577

Hotline

6225 5577

Email

[email protected]

Instruments and Trading Limits

Regulated financial instruments

forex, Stocks, Fund, Options, Derivatives, Futures

Negative Balance Protection

Protection against negative account balances in trading

✗

Status:Not Supported

Investment Professional Support

Access to qualified investment professionals and advisory services

✗

Status:Not Available

Government-regulated

Coverage

Prohibited Countries

USA - North Korea - Iran - other sanctioned countries

Client fund protection schemes available

Account Managed Separately

Mandatory client account segregation

✗ Not Available

Regulatory

Effectiveness of regulatory framework and enforcement

100

out of 100

Excellent

Institutional

Institutional strength and organizational capability

100

out of 100

Excellent

Risk Management

Risk assessment and management protocols

100

out of 100

Excellent

Investment Protection

Investor protection measures and safeguards

100

out of 100

Excellent

Client Fund Insurance Rating

Client fund protection and insurance coverage

out of 100

Average

Licensed Brokers

Brokers authorized and regulated by this authority

0 Licensed Brokers

No brokers found

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