MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox
The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed guidelines for regulatory sandbox today. The regulatory sandbox will provide a safer environment for allow Fintech companies to test their new financial services in a more relaxed regulatory environment but within a well-defined space and duration. There may be circumstances where it is less clear whether the FinTech offering complies with regulatory requirements or poses unacceptable risks, with the regulatory sandbox, FinTech services can then be assessed on criteria such as innovativeness, and whether they are beneficial to consumers and the industry.
VALON can be your resource and business partner in Asia. Should you wish to receive more detailed information on VALON, please do not hesitate to contact us at email@example.com.
Disclaimer: This publication does not provide financial, legal or tax or advice of any kind, and VALON cannot guarantee that the information is accurate, complete or up-to-date. While we intend to make every attempt to keep the information in this publication current, VALON make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained herein. Nothing on this publication should be used as a substitute for the advice of a third party. VALON assumes no responsibility to any person who relies on information contained herein and disclaim all liability in respect to such information. You should not act upon information in this publication without seeking professional advice.