Regulatory Alerts2025-05-30
Added
Guidelines on Fit and Proper Criteria [FSG-G01]
The Monetary Authority of Singapore issues these guidelines to establish the fit and proper criteria applicable to all relevant persons conducting regulated activities. The document mandates that such persons demonstrate competence, honesty, integrity, and sound financial standing while outlining specific requirements for the appointment of directors and key executives across insurers, trust companies, and merchant banks. It further details supervisory expectations for onboarding and monitoring representatives, continuing professional development standards, and corporate governance obligations for designated financial holding companies and banks.
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