Regulatory Alerts2024-01-24
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Launch of the Monetary Authority of Singapore - Financial Institutions Transactions Platform (MAS-Tx)
The Monetary Authority of Singapore issued Circular No. ID 03/24 to announce the official launch of the Financial Institutions Transactions Platform (MAS-Tx) for licensed insurers on 26 February 2024. From this date, regulatory applications, notifications, and submissions must be submitted directly via MAS-Tx rather than through email or FormSG. The platform is scheduled to fully replace the incumbent MASNET portal by the end of 2024, while financial institutions are required to maintain their MASNET accounts for ongoing transactions during the transition period.
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