28 March 2018
With effect from 17 March 2018, the Monetary Authority of Singapore (“MAS”) and the Commercial Affairs Department (“CAD”) of the Singapore Police Force extended the CAD-MAS Joint Investigations Arrangement to cover all offences under the Securities and Futures Act (“SFA”) and Financial Advisers Act.
According to a press release issued by MAS and CAD on 13 March 2018, this development allows for greater efficiency and more effective enforcement of capital markets and financial advisory offences. This arrangement will allow both agencies to consolidate their investigative resources and expertise and further improve the overall effectiveness of market misconduct investigations.
The CAD-MAS Joint Investigations Arrangement was launched in March 2015, when both agencies collaborated to co-investigate market misconduct offences under Part XII of the SFA, such as market manipulation and insider trading activities.