MAS proposes stricter regulation in response to note failures
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The Monetary Authority of Singapore (MAS) has issued a raft of proposals to strengthen the current regulatory framework governing unlisted investment products, designed to safeguard the interests of consumers and promote higher standards for the sale and marketing of products.
The proposals are based on the MAS' review of unlisted products in response to the failure of several structured notes in Singapore, including Lehman Minibonds, DBS High Notes 5 and Merrill Lynch Jubilee Series 3.
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