MAS Issues Consultation Paper on Draft Deposit Insurance Regulations
This consultation paper invites comments on the draft Deposit Insurance Regulations and Deposit Insurance (Composition of Offences) Regulations. Among other things, these Regulations set out details on (i) asset maintenance requirements; (ii) premium contributions payable by Scheme members; (iii) target size of the Deposit Insurance Fund and (iv) offences which may be compounded by MAS under the Act.
The consultation paper can be found in the Website of MAS at www.mas.gov.sg.
The consultation paper can be found in the Website of MAS at www.mas.gov.sg.
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