CMFAS M5 Chapter 1 - Regulatory Bodies and Associations
Objectives of MAS
Acts Administered by MAS:
Regulatory Functions of SGX:
- Conduct monetary policy; manage the official foreign reserves and the issuance of government securities
- Supervise and develop the financial sector
Acts Administered by MAS:
- Financial Advisers Act (Cap. 110)
- Insurance Act (Cap. 142)
- Banking Act (Cap. 19)
- Exchange (Demutualisation and Mergers) Act (Cap. 99B)
- The Currency Act (Cap.69)
- Government Securities Act (Cap.121A)
- Local Treasury Bills Act (Cap. 167)
Regulatory Functions of SGX:
- Issuer Regulation
- Member Supervision
- Market Surveillance
- Enforcement
- Risk Management
Investment Management Association of Singapore (IMAS)
Objectives of IMAS.
To:
IMAS members are governed by a Code of Ethics
Life Insurance Association of Singapore (LIA) is a trade association comprising direct insurers and reinsurers.
Mission of LIA - to promote the growth and development of the Singapore life insurance industry in consultation with the MAS and to protect the interests of life insurers and life insurance policy-owners.
Objectives Of LIA
To:
- promote professionalism in investment management;
- provide a forum for members to discuss issues or matters relating to the investment management industry;
- represent members’ interests and acts as voice for members;
- promote the education of the investing public on investments generally and the investment management industry;
- improve professionalism and standards of research and fund management expertise in Singapore; and
- promote the investment and fund management industry.
IMAS members are governed by a Code of Ethics
Life Insurance Association of Singapore (LIA) is a trade association comprising direct insurers and reinsurers.
Mission of LIA - to promote the growth and development of the Singapore life insurance industry in consultation with the MAS and to protect the interests of life insurers and life insurance policy-owners.
Objectives Of LIA
- development of the life insurance business in consultation with the supervisory authority, the Monetary Authority of Singapore;
- development of industry practices; and
- promotion of public awareness of life insurance.