Singapore’s “regulatory sandbox” – new consultation

On 6 June 2016, the Monetary Authority of Singapore (“MAS”) issued a new consultation paper (the “CP”) setting out proposed new guidelines to be established in respect of Singapore’s proposed regulatory sandbox mechanism.

The development of a regulatory sandbox regime, which will allow institutions to operate on a test basis with relaxed regulatory obligations, is an important step by the MAS to encourage technological innovation in the financial services industry and will be amongst the first regulatory sandbox regimes in the world.

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