MAS responds to feedback on proposed enhancements to PHS requirements

MAS responds to feedback on proposed enhancements to PHS requirements and complex products framework.

01 July 2026

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On 29 May 2026, the Monetary Authority of Singapore (MAS) published an information paper on risk management practices for fund management companies (FMCs). The paper consolidates observations from MAS thematic inspections across a range of fund management strategies and clarifies MAS's supervisory expectations in relation to risk management.

The information paper highlights a number of recurring weaknesses identified by MAS across the fund lifecycle, including governance arrangements, policies and procedures, product approval processes, investment due diligence and ongoing monitoring. MAS emphasises that firms should ensure that risk management frameworks operate effectively in practice and are supported by appropriate documentation, oversight and independent challenge.

Read the full Oversight below which examines MAS's key observations and expectations, the principal areas of concern identified during inspections, and the practical implications for FMCs operating in Singapore.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.