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MAS tightens misconduct reporting requirements for FI representatives

The Monetary Authority of Singapore (MAS) is updating its misconduct reporting standards for all financial institutions’ (FIs) representatives and has proposed a standardised format for misconduct reports. The Singapore regulator published a consultation paper, proposing expansions to the scope of reporting for all regulated FIs, including banks. According to paper, all regulated FIs must lodge a report with MAS when…

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