MAS

MAS (Monetary Authority of Singapore) supervises financial institutions in Singapore under Securities and Futures Act 2001 (SFA) & SF(LCB)R / SF(FMR)R Regulations and Payment Services Act 2019 (PSA) & PSN02 AML/CFT Notice for Digital Payment Tokens. Key statutory authorisation classes include: CMS Licence — Dealing in Capital Markets Products (Capital Markets Services (CMS) Licence for Securities, Futures & OTC Derivatives / Leveraged FX — min. capital: SGD $5,000,000 Base Capital (Clearing Member / Retail OTC Derivatives & Leveraged FX), SGD $1,000,000 (Non-Clearing Member), or SGD $500,000 (Accredited/Institutional Investors only).); CMS Licence — Fund Management (LFMC / RFMC) (Licensed Fund Management Company (Retail or Accredited/Institutional A/I LFMC) — min. capital: SGD $1,000,000 Base Capital (Retail LFMC) or SGD $250,000 Base Capital (Accredited/Institutional LFMC; note RFMC regime repealed into A/I LFMC in Aug 2024).); PSA — Major Payment Institution (MPI / DPT) (Major Payment Institution Licence (Digital Payment Tokens & Cross-Border Money Transfer) — min. capital: SGD $250,000 minimum Base Capital plus SGD $100,000–$200,000 statutory security deposit lodged with MAS.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.

Under MAS's framework, investor protection is governed by Singapore Deposit Insurance Corporation (SDIC) / SGX Fidelity Fund with maximum coverage of SGD $100,000 per depositor per Scheme member bank/finance company (increased from SGD $75,000 in April 2024); SGX Fidelity Fund covers defalcation by SGX member brokers (Non-bank individuals and charities holding SGD deposits at full banks or finance companies (OTC derivatives and DPT tokens are protected via statutory trust segregation rather than SDIC).). For client money and custody assets, supervised firms must comply with Securities and Futures (Licensing and Conduct of Business) Regulations — Reg 16 to Reg 37, performing daily computation of customer money and asset trust balances by the next business day; monthly external verification. with customer moneys must be deposited in a designated statutory trust account with a licensed bank in singapore; strict prohibition on rehypothecation of retail customer assets ( effective both under sfa and oct 2024 psa dpt rules)..

MAS's digital-asset regime is structured around Payment Services Act (PSA) Major Payment Institution (MPI) — Digital Payment Token (DPT) & MAS Stablecoin Framework (Comprehensive licensing covering DPT dealing, custody, cross-border transfer, and the MAS Single-Currency Stablecoin (SCS) reserve/redemption framework.). Custody and AML/CFT compliance obligations require: MAS Notice PSN02 enforces a zero-threshold Wire Transfer / Value Transfer Rule for all DPT transactions; mandatory 90% cold-wallet custody & statutory trust segregation for DPT customer assets.

Our database currently tracks 52 licence records referencing MAS (51 marked regulated or registered). To verify a counterparty at the primary source, open MAS's official public register (https://www.mas.gov.sg/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.