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.
Authority
Fair
FOREX.com
Score 8.3615-20 years | Regulated in Australia | Regulated in United Kingdom | Regulated in Japan
MAS : 113942
OANDA
Score 8.2315-20 years | Regulated in Australia | Regulated in United Kingdom | Regulated in Japan
MAS : 412981
Saxo
Score 8.0615-20 years | Regulated in United Kingdom | Regulated in Japan | Regulated in China Hong Kong
MAS : 551422
IG
Score 7.8915-20 years | Regulated in Australia | Regulated in United Kingdom | Regulated in Japan
MAS : 220440
CMCMarkets
Score 7.7915-20 years | Regulated in United Kingdom | Regulated in New Zealand | Regulated in Germany
MAS : 238054
Blackrock
Score 6.2315-20 years | Regulated in China Hong Kong | Regulated in Singapore | Regulated in Australia
MAS : AFF275
Phillip Futures
Score 5.68Above 20 years | Regulated in Singapore | Retail Forex License | MT4/5 full license
MAS : Unreleased
Mitsui Bussan Commodities
Score 5.572-5 years | Regulated in Singapore | Regulated in United Kingdom | Regulated in United States
MAS : 469094
Longasia
Score 3.862-5 years | Regulated in Singapore | Regulated in New Zealand | Financial Service Corporate
MAS : 241165
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