Tuesday March 13 2018
News Source: Global Exchanges
Organisation: Monetary Authority of Singapore (MAS)
On 13th March 2018, the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force announced that they will extend the Joint Investigations Arrangement to cover all offences under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA).
This will allow for greater efficiency and more effective enforcement of capital markets and financial advisory offences. The arrangement means that both agencies can consolidate their investigative resources and expertise when carrying out market misconduct investigations.
The expansion in the scope of the Joint Investigations Arrangement will commence from 17th March 2018.
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