On 24 August 2026, the Monetary Authority of Singapore (“MAS“) issued Circular No. FAS 11/2026 (“Circular“) informing financial institutions (“FIs“) of the issuance of new FAQs on the Misconduct Reporting Requirements under the Financial Advisers Act, Insurance Act and Securities and Futures Act (“FAQs“). The FAQs supplement the information set out in the revised notices on misconduct reporting requirements issued on 30 December 2025 which will come into effect on 1 January 2027. For more information on the revised notices, please refer to our December 2025-January 2026 NewsBytes article titled “MAS Issues Revised Notices to Operationalise Revised Market Misconduct Reporting Requirements Taking Effect on 1 January 2027“.
The Circular also states that the existing misconduct reporting system (“MRS“) will be discontinued and replaced by a new MRS with effect from 1 January 2027. FIs that wish to retain copies of their submissions made through the existing MRS should download and save them for their records before that date, as access will no longer be available thereafter.
Click on the following links for more information (available on the MAS website at www.mas.gov.sg):
- Circular No. FAS 11/2026 titled “Circular on (i) FAQs on the Misconduct Reporting Requirements under the Financial Advisers Act, Insurance Act and Securities and Futures Act; and (ii) Discontinuation of the Existing Misconduct Reporting System with effect from 1 January 2027”
- FAQs on the Misconduct Reporting Requirements under the Financial Advisers Act, Insurance Act and Securities and Futures Act
If you have any queries on the above, please reach out to our team set out on this page.
For regional FI, Funds and Investment Management, and Insurance and Reinsurance matters, please see Rajah & Tann Asia’s Financial Services Regulatory Practice, Funds & Investment Management Practice and Insurance & Reinsurance Practice, respectively, for more information.
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