As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore -- banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.
Regulations, Guidance and Licensing
Activities pertaining to Securities, Futures and Funds Management are governed under the Securities and Futures Act. The Act puts in place the rules and regulations concerning markets, market operators, clearing facilities, intermediaries and representatives. Regulated activities include:
- (i) Dealing in securities
- (ii) Trading in futures contracts;
- (iii) Leveraged foreign exchange trading;
- (iv) Advising on corporate finance;
- (v) Fund management;
- (vi) Securities financing;
- (vii) Providing custodial services for securities;
- (viii) Real estate investment trust management; and
- (ix) Providing credit rating services
Note: Any Forex brokers that offer leveraged forex trading in Singapore has to be regulated and licensed by MAS. So make sure that the broker has a license under Company Category "Capital Markets Services Licence Holder" with approved regulated activities including "Leveraged Foreign Exchange Trading". Do note that not all approved companies provide Forex trading to retail traders so do call up the company that you are inquiring to check what type of services they provide to the individual investors and traders.