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MAS ISSUES PUBLIC CONSULTATION ON UNLISTED INVESTMENT PRODUCTS

March 2009 - Finance. Legal Developments by Drew & Napier LLC .

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As part of its major review on investment products, the Monetary Authority of Singapore (the “MAS”) has issued a consultation paper (the “Consultation Paper”) containing its proposals to curb mis-selling and improve disclosure in relation to three product groups (referred to collectively as “unlisted investment products”): debentures and collective investment schemes (“CIS”) which are not traded on any approved exchange, and life policies (including investment-linked life insurance policies (“ILPs”)).

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