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    Cmfas 5

    Uploaded by

    Zuraisha Muhamad Husen
    The document discusses regulatory bodies and associations that regulate Singapore's financial services industry. The key regulatory body is the Monetary Authority of Singapore (MAS) which regulates banking, insurance, securities, and other financial aspects. Major associations mentioned include the Investment Management Association of Singapore (IMAS), Life Insurance Association of Singapore (LIA), Association of Banks in Singapore (ABS), and Association of Financial Advisers in Singapore (AFA(S)).

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    Cmfas 5

    Uploaded by

    Zuraisha Muhamad Husen
    10 views2 pages
    The document discusses regulatory bodies and associations that regulate Singapore's financial services industry. The key regulatory body is the Monetary Authority of Singapore (MAS) which regulates banking, insurance, securities, and other financial aspects. Major associations mentioned include the Investment Management Association of Singapore (IMAS), Life Insurance Association of Singapore (LIA), Association of Banks in Singapore (ABS), and Association of Financial Advisers in Singapore (AFA(S)).

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    cmfas 5

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    The document discusses regulatory bodies and associations that regulate Singapore's financial services industry. The key regulatory body is the Monetary Authority of Singapore (MAS) which regulates banking, insurance, securities, and other financial aspects. Major associations mentioned include the Investment Management Association of Singapore (IMAS), Life Insurance Association of Singapore (LIA), Association of Banks in Singapore (ABS), and Association of Financial Advisers in Singapore (AFA(S)).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views2 pages

    Cmfas 5

    Uploaded by

    Zuraisha Muhamad Husen
    The document discusses regulatory bodies and associations that regulate Singapore's financial services industry. The key regulatory body is the Monetary Authority of Singapore (MAS) which regulates banking, insurance, securities, and other financial aspects. Major associations mentioned include the Investment Management Association of Singapore (IMAS), Life Insurance Association of Singapore (LIA), Association of Banks in Singapore (ABS), and Association of Financial Advisers in Singapore (AFA(S)).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    The regulatory bodies and association

    Regulatory bodies are MAS and SGX Monetary authority of singapore MAS
    Association are IMAS LIA. ABS AFA(S) Outcome focused. Shared responsibility, risk appropriate,
    responsive to change and cycles, impact sensitive, clear and
    Regulatory Bodies consistent
    MAS is monetary authority of singapore
    Role: Regulatory bodies
    MAS act allows Mas to regulate all elements of monetary banking Singapore exchange limited SGX
    insurance and financial aspects of singapore Regulatory function
    Regulation of insurance industry Enforcement investigate suspected infarction and complaints and
    Regulation of securities industry perform dipclinayr follow up
    Currency issuance Risk management monitor and manage SGX counterparty risk
    Mission is to sustain non inflationary economic growth and promote exposure to clearing memebers
    a sound and progressive financial service sector Catalist regulation promote a high standard of disclosure and
    corporate governance
    MAS m Clearing risk is to develop and enhance the risk frameworks for
    Principle objective: central bank – develop singapore as product and service offerings
    international financial centre - supervision of financial services and
    financial stability surveillance – managed official foreign reserves Associations
    Investment management association fo singapore IMAS
    Regulatory bodies Investment managers
    MAS Promote is – professionalism public investor education fund
    Acts are laws passed by parliament management industry
    subsidiary legislation regulations orders declarations and Provide forum
    notifications – requirements that must be followed Represent members
    Directions are directives and notices – explain specific instructions Improve professionalism a nd standards of research and fund
    in detail management expertise
    Guidelines are bets practice standards Association
    Codes are system of rules Investment management association of Singapore (IMAS)
    Practice notes are guide on administrative procedures Conduct is integrity professionalism ethical
    Circulars are documents fo information Act is with competence
    Policy statements outline major MAS policies
    Exercise is due diligence and professional judgement in the conduct Association of banks in Singapore ABS
    of their business Members re banks
    - Standards of professional conduct: Association of financial advisers in singapore
    - Investment manager AFA(S)
    - Client relations Members
    - Investment conduct Licenced financial advisers
    - Investment conduct Exempt financial advisers associate members

    Associations
    Life insurance association of singapore LIA
    Members
    Life insurance product providers
    Life reinsurance providers
    Vision and Mission
    Provide individual with a peace of mind
    Promote a society where everyone is prepared for life changing
    cycles and unforeseen situations
    Enhance consumer understanding
    Promote industry best practices
    Fostering a spirit of collboaration and mutual respect with
    government and business leaders

    Association
    Life insurance of Singapore LIA
    Members values
    Unified in their resolve to deliver innovative solutions
    Professional in conduct
    Ethical to policyholders
    Fair in court comes for both policyholders nd shareholders
    Open and honest to build an environment of trust
    Proactive to give their people skills and knowledge

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