The Monetary Authority of Singapore has issued a consultation paper which proposes revisions to align the regulatory capital framework across Capital Markets Services Licensees and enhance the risk-based capital framework.
Date: Apr 27, 2012
The Monetary Authority of Singapore (MAS) has issued a consultation paper which proposes revisions to align the regulatory capital framework across Capital Markets Services Licensees (CMSLs) and enhance the risk-based capital framework.
According to law firm Allen & Gledhill, depending on the types of regulated activities a CMSL holder engages in, it is currently subject to different capital requirements under the risk-based capital framework and the adjusted capital net capital framework, or simplified risk-based capital framework.
In the new consultation paper, the MAS proposes to expand the application of the comprehensive risk-based capital framework to all CMSL holders for the regulated activities, plus it is seeking comments to enhance this framework.
Comments on the proposals in the consultation paper must be submitted to the MAS by 3 May 2012.