On 15 May 2026, the Monetary Authority of Singapore (MAS) published its response to feedback on its earlier consultation on proposed enhancements to Product Highlights Sheet (PHS) requirements and the complex products framework.
MAS has confirmed that it will proceed with a range of reforms designed to improve investor understanding through clearer, more consistent disclosures and a simpler product classification framework. The reforms include enhancements to PHS content and presentation, the introduction of a new PHS for investment-linked policies, and changes to the complex products regime. The changes will require firms to review their existing disclosures in anticipation of the new requirements.
Read the full Oversight below which examines the key reforms confirmed by MAS, the implications for product issuers, and the practical steps firms should consider in preparation for implementation.
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