On 12 October 2026, the Monetary Authority of Singapore (MAS) announced enhanced safeguards for prospecting activities by financial institutions and their representatives, following its April 2023 consultation. MAS’ Response to Feedback Received on Enhancing Safeguards for Proper Conduct of Prospecting Activities at Public Places and Telemarketing (Response) provides more information on the consultation feedback received and the enhanced safeguards, which MAS will incorporate into its updated Guidelines on Standards of Conduct for Marketing and Distribution Activities by Financial Institutions (Guidelines).
In this update, our Co-Head of Financial Services Regulatory Elaine Chan, and Partners Tian Sion Yoong and Chan Jia Hui, set out the highlights of the Response, including the key changes that MAS will make to the Guidelines.
Read more here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.