[ REGULATOR · SINGAPORE ]
MAS compliance, monitored daily.
The Monetary Authority of Singapore (MAS) is Singapore's integrated central bank and financial-services regulator. It supervises banking, capital markets, insurance, payments and digital assets under a single framework and has become one of the world's most cited regulators for digital-finance innovation.
[ AUTHORITY ]
Monetary Authority of Singapore at a glance.
- Full name
- Monetary Authority of Singapore
- Abbreviation
- MAS
- Jurisdiction
- Singapore
- Established
- 1971
- Official website
- https://www.mas.gov.sg
[ WHAT XHS™ MONITORS ]
Full MAS surface area, in one workspace.
- •MAS Notices, Guidelines, Codes, Directives and FAQs
- •Consultation papers, response papers and policy statements
- •Enforcement actions, prohibition orders and financial penalties
- •Payment Services Act and Digital Payment Token licensing developments
- •Project Guardian, Project Orchid and other tokenisation / CBDC work
- •AI risk-governance outputs including the Veritas programme
[ KEY OBLIGATIONS ]
What MAS licensees must do.
- 01Hold the appropriate MAS licence — bank, capital-markets services licence, insurer, major payment institution, or Digital Payment Token (DPT) service provider
- 02Comply with the MAS Notices, Guidelines and Codes applying to your licence class
- 03Meet the Cyber Hygiene and Technology Risk Management (TRM) Guidelines
- 04Follow the MAS AML/CFT Notices and UNSC/MAS sanctions obligations
- 05Run customer-facing conduct standards under the Fair Dealing Guidelines and the FAIR Framework
- 06Report regulatory, financial and incident data via MAS submission portals
[ TRY IT ]
Track MAS change-detection alongside your other authorities.
14-day trial. Pick up to 8 jurisdictions including MAS. No credit card required.
[ LICENCES & PERMITS ]
MAS licence categories.
- •Bank licence (full bank, wholesale bank, merchant bank, digital full bank, digital wholesale bank)
- •Capital Markets Services (CMS) licence for fund management, dealing, advisory, custody
- •Insurance licence (direct insurer, reinsurer, captive insurer)
- •Major Payment Institution (MPI) and Standard Payment Institution (SPI) under the Payment Services Act
- •Digital Payment Token (DPT) service provider licence
[ CURRENT FOCUS ]
What MAS is emphasising right now.
Stablecoin regulation (SCS framework), expanded DPT service-provider rules, Project Guardian tokenisation work, AI risk-management expectations, cross-border retail payment linkages, and operational-resilience standards aligned with global peers.
[ QUESTIONS ]
MAS compliance, answered.
How does XHS™ Copilot help with MAS compliance?
XHS™ Copilot tracks every MAS Notice, Guideline, Code, consultation and enforcement action across banking, capital markets, insurance, payments and digital assets. Lens™ AI maps each change to your firm's licence class and business activities.
When was MAS established?
The Monetary Authority of Singapore was established on 1 January 1971 under the MAS Act. It absorbed the functions of the Currency Board in 2002 and today serves as both Singapore's central bank and its integrated financial-services regulator.
What is the Payment Services Act?
The Payment Services Act (PS Act), which came into force on 28 January 2020, provides a single licensing framework for payment services in Singapore. It covers account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, e-money issuance, and digital payment token services.
Does MAS regulate crypto?
Yes. Digital Payment Token (DPT) service providers must be licensed under the Payment Services Act. Separately, MAS has introduced a framework for the regulation of single-currency stablecoins issued in Singapore (the SCS framework) and supervises custody and exchange services.
What is Project Guardian?
Project Guardian is MAS's industry initiative exploring asset tokenisation. It tests institutional use cases — tokenised deposits, wealth-management products and foreign-exchange — in permissioned liquidity pools involving licensed financial institutions from across the world.
[ RELATED ]
Other authorities tracked.
See MAS change-detection in your workspace.
14-day free trial. Up to 8 jurisdictions. Cancel any time. No credit card.