MAS fines Coutts US$24,000 for having a non-representative conduct fund management business

11 December 2014 | 1 minute read

A statement issued by the Monetary Authority of Singapore (MAS) noted that Coutts has paid “a composition amount of S$30,000 (US$24,000) in respect of a contravention” of a rule that prohibits a non-representative from carrying on business in a regulated activity. According to Singapore’s financial watchdog, an employee from Coutts was found carrying on business in fund management from March…

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