Singapore Offers New Legal Framework for Robo-Advisory

[kreslik.news]

Earlier today the Monetary Authority of Singapore (MAS) published new regulation guidelines for robo-advisory services, and it is now awaiting the local trading community’s approval. The latter group may include banks, brokerages, and individual traders that might be interested in having the service available in their country.

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As of now, financial institutions that are regulated under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA) are authorized to offer online advisory services. Certain companies are already providing these services and the MAS guidelines are the ... (read more)