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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Government Education Search Search: MAS to tighten guidelines on sale of structured products Channel NewsAsia - 1 hour 30 minutes ago SINGAPORE: The Monetary Authority of Singapore (MAS) is looking into tightening the rules for the sale of complex investment products. These could include having guidelines on the advertising materials of such products, MAS deputy chairman Lim Hng Kiang told Parliament on Monday. MAS will issue a public consultation on the proposals to review the guidelines by mid—March. On the resolution of the sale of structured products linked to bankrupt Lehman Brothers, Mr Lim said that overall, a "fair" result was obtained. He added that MAS is investigating whether the financial institutions that sold the products did due diligence in the sale of the products. But as such investigations are still ongoing, Mr Lim said it was not appropriate to comment further on the matter. He also gave an update on the Lehman—linked Pinnacle Notes, which faced early redemption. 471 complaints have been received so far, he said. Former MP Hwang Soo Jin, who oversaw the minibonds resolution process for stockbroking firms as an independent party, will help in the Pinnacle Notes resolution procedure. — 938LIVE Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Singapore Singapore looks to multi-billion reserves amid slumpReuters - 1 hour 21 minutes ago MAS to tighten guidelines on sale of structured productsChannel NewsAsia - 1 hour 30 minutes ago Volvo Ocean Race could lead to more interest in keelboat racingChannel NewsAsia - 2 hours 40 minutes ago Singapore Temasek, GIC outperformed equity mkts-finminReuters - 2 hours 54 minutes ago Market Chatter -- Corporate finance press digestReuters - Tuesday, January 20 Enlarge Photo MAS to tighten guidelines on sale of structured products Most Popular – Singapore Viewed 'Overwhelming emotion' at star-studded inaugural concert Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson Faulty gene condemns millions in India to heart disease: study Hamas announces one-week truce after Israel ceasefire View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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