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The Mission of the Ministry of Finance is to create
a better Singapore through Finance.
The main regulatory statutes under MOF are the Companies
Act, Business Registration Act, Currency Act and Accountants
Act. The emphasis of our regulatory policy is on development,
rather than control. We aim to collaborate with industry
experts to make Singapore a world-class financial and
business hub.
We actively review our rules to ensure
they remain relevant to the business and financial environment.
This is done in close consultation with industry experts
and key stakeholders. Given the rapid rate of technological
development and a fast moving environment, our regulatory
policies and statutes must keep pace.
In designing regulatory policies, we
consider all viewpoints, but with priority given to
Singapore's long term interest. To establish Singapore
as an international business and financial centre, we
work to ensure comparability with international standards
and best practices in areas such as company law, accounting
standards and corporate governance principles.
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