Two (2) public consultation papers on proposed Guidelines on Individual Accountability & Conduct (“IAC”) were issued on 26 April 2018 and 6 June 2019 by the Monetary Authority of Singapore (“MAS”). Feedback was sought on the application scope of IAC Guidelines and the affected Financial Institutions (“FIs”).
Rules and regulations are often insufficient to influence behaviors, MAS is of the view that FIs need to promulgate standards of proper conduct to influence the day-to-day operations and strategic decisions of the FIs.
Who
What you need to do
RHT Compliance Solutions is able to assist and provide an independent review of FIs’ organisational structure.
RHT Compliance Solutions is a premier Compliance Service Advisory firm based in Singapore.
Our team comprises experienced and certified professionals with extensive regulatory, compliance and risk management experience from Singapore, Indonesia, Hong Kong and the broader region. The team is well equipped to provide clients with intelligent, risk-focused and cost-effective solutions.
Jarvis Lee
Compliance Analyst
jarvis.lee@rhtgoc.com
RHT Compliance Solutions Pte Ltd
1 Paya Lebar Link #06-08
PLQ 2 Paya Lebar Quarter
Singapore 408533
cs@rhtgoc.com
Reach out to us for more information.
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