As required by MAS, CF advisers that assist entities in fund raising from the general public will henceforth be subject to mandatory minimum standards when conducting due diligence on CF transactions.
The Monetary Authority of Singapore (MAS) has issued a notice that sets mandatory baseline standards of due diligence and conduct requirements for corporate finance (CF) advisers.
By doing so, MAS wants to raise the standards of conduct of CF advisers, improve the quality of disclosures and allow investors to make informed decisions.
