Monetary Authority of Singapore

Year 1971Regulated by Government

MAS is the integrated regulator and supervisor of financial institutions in Singapore. In 1970, Parliament passed the Monetary Authority of Singapore Act leading to the formation of MAS on 1 January 1971. The passing of the MAS Act gave MAS the authority to regulate the financial services sector in Singapore.MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and make credit and exchange policies conducive to the growth of the economy. In April 1977, the Government decided to bring the regulation of the insurance industry under MAS. The regulatory functions under the Securities Industry Act (1973) were also transferred to MAS in September 1984.MAS now administers the various statutes pertaining to money, banking, insurance, securities and the financial sector. Following its merger with the Board of Commissioners of Currency on 1 October 2002, MAS also assumed the function of currency issuance.

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Warning Announcement
Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2019-01-03
  • Reason for punishment May be or may have been wrongly perceived as being licensed
Disclosure details

Investor Alert List

"Investor Alert List The Investor Alert List provides a list of persons who, based on information available to MAS, i) may be or may have been wrongly perceived as being licensed or in any other way authorised or regulated by MAS; ii) have made an offer of units in a business trust or collective investment scheme which may be or may have been wrongly perceived as being authorised, recognised or registered by MAS; iii) have made an offer of investment which may be or may have been wrongly perceived as being made in or accompanied by a document lodged or registered with MAS. This list is not exhaustive and is based on what was known to MAS at the time of publication." Listed date: 03 Jan 2019 Union Standard International Group Pty Ltd Hide details Address: G03, 135 Macquarie Street Sydney, NSW 2000 Australia Phone Number: +61 2 9251 1395 Website: https://www.usgfx.com/
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