Digital advisory services: a focus on Singapore’s proposals and a comparative global analysis

The Monetary Authority of Singapore (“MAS”) recently issued a new consultation paper (the “CP”) on its proposals to facilitate the provision of digital advisory services (also known as robo-advisory services) in Singapore. The proposals seek to support innovation in financial services by recognising the unique characteristics of digital platforms and represent another step by the MAS to encourage technological innovation in the financial services industry.

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