Singapore regulator seeks power to enter financial adviser premises without notice

Mark Battersby
clock • 1 min read

The Monetary Authority of Singapore (MAS) today (2 July) issued a consultation paper proposing to strengthen its investigative powers to enhance its ability to gather evidence. The extra powers, to be made under a Financial Institutions (Miscellaneous Amendments) Bill, will allow MAS "to enter premises without prior notice or a court warrant in connection with investigations under the Securities and Futures Act (SFA) or the Financial Advisers Act (FAA) where MAS assesses that there is a risk of evidence being destroyed". MAS also wants to extend this power, along with other investigat...

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