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MAS clears air
'Not all developments in other jurisdictions will be equally applicable in Singapore.'
MS ANGELINA FERNANDEZ, director (communications), Monetary Authority of Singapore (MAS): 'I refer to Mr Quek Soo Beng's letter last Saturday, 'Should MAS act?'. Entities offering securities to the public in Singapore are required to comply with the Securities and Futures Act which, among other things, requires proper disclosure of the features and risks of the product. Where there is a breach of regulation or law, MAS will take appropriate regulatory action. MAS also monitors developments in various jurisdictions. However, not all developments in other jurisdictions will be equally applicable in Singapore.'
'Not all developments in other jurisdictions will be equally applicable in Singapore.'
MS ANGELINA FERNANDEZ, director (communications), Monetary Authority of Singapore (MAS): 'I refer to Mr Quek Soo Beng's letter last Saturday, 'Should MAS act?'. Entities offering securities to the public in Singapore are required to comply with the Securities and Futures Act which, among other things, requires proper disclosure of the features and risks of the product. Where there is a breach of regulation or law, MAS will take appropriate regulatory action. MAS also monitors developments in various jurisdictions. However, not all developments in other jurisdictions will be equally applicable in Singapore.'
