{"id":5688,"date":"2024-02-08T00:00:00","date_gmt":"2024-02-08T00:00:00","guid":{"rendered":"https:\/\/shooklin.com\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\/"},"modified":"2024-02-08T00:00:00","modified_gmt":"2024-02-08T00:00:00","slug":"mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products","status":"publish","type":"post","link":"https:\/\/shooklin.com\/zh-hans\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\/","title":{"rendered":"MAS Proposes to Simplify and Facilitate Greater Access to Insurance Products"},"content":{"rendered":"<p>\n<p style=\"text-align: justify;\">The Monetary Authority of Singapore (&#8220;MAS&#8221;) has on 2 February 2024 published a\u00a0consultation paper proposing a reduction in the amount of information collected by\u00a0financial institutions from their clients when making recommendations for selected\u00a0insurance policies. The MAS intends to do so by promoting the adoption of the Basic\u00a0Financial Planning Guide (&#8220;Financial Planning Guide&#8221;) by the financial advisory industry.<\/p>\n<p style=\"text-align: justify;\">In addition, MAS has proposed to introduce accompanying safeguards for the collection\u00a0of a reduced set of information items.<\/p>\n<p>Click\u00a0<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/shooklin.com\/wp-content\/uploads\/2026\/03\/MAS20Proposes20to20Simplify20and20Facilitate20Greater20Access20to20Insurance20Products.pdf\"><span style=\"color: #bd1617;\">here\u00a0<\/span><\/a>to view the article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"text-align: justify;\">The Monetary Authority of Singapore (&#8220;MAS&#8221;) has on 2 February 2024 published a\u00a0consultation paper proposing a reduction in the amount of information collected by\u00a0financial institutions from their clients when making recommendations for selected\u00a0insurance policies. The MAS intends to do so by promoting the adoption of the Basic\u00a0Financial Planning Guide (&#8220;Financial Planning Guide&#8221;) by the financial advisory industry.<\/p>\n<p style=\"text-align: justify;\">In addition, MAS has proposed to introduce accompanying safeguards for the collection\u00a0of a reduced set of information items.<\/p>\n<p>Click\u00a0<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/shooklin.com\/wp-content\/uploads\/2026\/03\/MAS20Proposes20to20Simplify20and20Facilitate20Greater20Access20to20Insurance20Products.pdf\"><span style=\"color: #bd1617;\">here\u00a0<\/span><\/a>to view the article.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-5688","post","type-post","status-publish","format-standard","hentry","category-publications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MAS Proposes to Simplify and Facilitate Greater Access to Insurance Products - Shook Lin &amp; Bok LLP | Leading Singapore Law Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shooklin.com\/zh-hans\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MAS Proposes to Simplify and Facilitate Greater Access to Insurance Products - Shook Lin &amp; Bok LLP | Leading Singapore Law Firm\" \/>\n<meta property=\"og:description\" content=\"The Monetary Authority of Singapore (&quot;MAS&quot;) has on 2 February 2024 published a\u00a0consultation paper proposing a reduction in the amount of information collected by\u00a0financial institutions from their clients when making recommendations for selected\u00a0insurance policies. The MAS intends to do so by promoting the adoption of the Basic\u00a0Financial Planning Guide (&quot;Financial Planning Guide&quot;) by the financial advisory industry. In addition, MAS has proposed to introduce accompanying safeguards for the collection\u00a0of a reduced set of information items. Click\u00a0here\u00a0to view the article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shooklin.com\/zh-hans\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\/\" \/>\n<meta property=\"og:site_name\" content=\"Shook Lin &amp; Bok LLP | Leading Singapore Law Firm\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"shooklin_bok\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"shooklin_bok\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/\"},\"author\":{\"name\":\"shooklin_bok\",\"@id\":\"https:\\\/\\\/shooklin.com\\\/#\\\/schema\\\/person\\\/204cfdbec448c27754d0255d35508e07\"},\"headline\":\"MAS Proposes to Simplify and Facilitate Greater Access to Insurance Products\",\"datePublished\":\"2024-02-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/\"},\"wordCount\":95,\"commentCount\":0,\"articleSection\":[\"\u51fa\u7248\u7269\"],\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/\",\"url\":\"https:\\\/\\\/shooklin.com\\\/zh-hans\\\/mas-proposes-to-simplify-and-facilitate-greater-access-to-insurance-products\\\/\",\"name\":\"MAS Proposes to Simplify and Facilitate Greater Access to Insurance Products - Shook Lin &amp; 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