Public Consultation on Market Conduct Rules for Marketing and Distribution Arrangements of Financial Institutions at Retailers and Public Places
Proposed safeguards to mitigate market conduct risks posed to consumers arising from financial institutions (FIs)' marketing and distribution activities at retailers and public places. Some proposals include having FIs to conduct regular mystery shopping and site visits and ensuring that any gift offered to customers does not influence the decisions of customers to purchase any financial products and services. MAS also proposed a list of notification requirements for the FIs.