Regulatory Alerts2026-05-15
Added · Updated
MAS Concludes Consultation on Enhancements to Product Highlights Sheets and Streamlined Framework for Complex Products
The Monetary Authority of Singapore finalizes enhancements to Product Highlights Sheet (PHS) disclosure requirements and streamlines distribution safeguards for complex products, which now include Investment-Linked Policies (ILPs). Mandatory financial advice is removed for complex products, becoming optional for investors who pass the Customer Knowledge Assessment, while remaining compulsory for Selected Clients lacking adequate investment experience. Financial institutions must implement pre-transaction alerts to remind investors to assess suitability and review product documents, with streamlined alerts available for subsequent transactions within the same month.
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