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Regulatory Update – Financial Institutions (Miscellaneous Amendments) Act 2024

The Monetary Authority of Singapore (“MAS”) issued a consultation in July 2021 on key amendments in the Financial Institutions (Miscellaneous Amendments) Act 2024 (“FIMA bill”). These amendments were aimed at enhancing the MAS’s investigative, reprimand, supervisory and inspection powers across various Acts under MAS’ purview, which includes…

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