The central bank and financial regulator will put in place “appropriate safeguards” to address concerns of “frivolous” legal action that would “burden” the market. In line with the Equities Market Review Group’s guidance, MAS has identified three areas of focus and will launch public consultations later this year.
To bolster investor confidence, maintain market integrity and uphold the reputation of Singapore’s capital markets, the Monetary Authority of Singapore (MAS) is considering additional measures to strengthen investor protection by enhancing avenues for investor recourse.
Through feedback and observations, MAS has identified that real investors here face “friction” in commencing civil action over losses suffered due to market misconduct. This includes difficulty in self-organising and finding sufficient funds for legal advice, says MAS in a July 21 announcement.
