Singapore: Detailed Assessment of Implementation-IOSCO Objectives and Principles of Securities Regulation
December 5, 2013
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This paper discusses the findings of the Detailed Assessment of Implementation on the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation on Singapore. Overall compliance with IOSCO principles is generally high, although the assessors identified some vulnerabilities that need to be resolved. The Monetary Authority of Singapore’s (MAS) enforcement philosophy as regards securities markets and the financial intermediaries active therein is cogent, with outcomes focused and well developed. The Securities and Futures Act (Cap. 289) provides an effective framework to enable the sharing of information and cooperation between MAS and foreign regulators on supervisory and enforcement matters.
Subject: Auditing, Financial institutions, Financial services, Financial statements, Hedge funds, Monetary policy, Public financial management (PFM), Securities, Standing facilities
Keywords: approved exchange, Auditing, CIS operator, CR, financial market, Financial statements, futures exchange, Global, Hedge funds, holding company, insider trading, investment strategy, ISCR, material information, risk management, Securities, Standing facilities
Pages:
241
Volume:
2013
DOI:
Issue:
344
Series:
Country Report No. 2013/344
Stock No:
1SGPEA2013007
ISBN:
9781475528367
ISSN:
1934-7685
