Activities covered
MOM generally includes financial services, insurance, provident and pension funding, and supporting activities for financial services and insurance. Classification depends on the business activities rather than simply the company name.
MOM’s illustrative list
The following list is illustrative and may not cover every financial-services activity.
| Business activity |
|---|
| Fund management |
| MAS-regulated holding companies, or holding companies connected with MAS-regulated firms |
| Insurance agents and brokers |
| Insurance and reinsurance underwriting |
| Monetary intermediation, including banks and finance companies |
| Provident and pension funding |
| Risk and damage evaluation |
| Securities and commodities exchanges |
| Security and commodity contracts brokerage |
| Trusts, funds and similar financial entities |
| Other financial services: financial leasing, credit granting, factoring, foreign-bank representative offices, money changing and remittance |
| Financial-service support: trustee, fiduciary and custody services; corporate-finance advice; clearing and settlement; transaction/payment processing |
| Insurance and pension support: foreign-insurer and professional-reinsurer representative offices, captive managers |
Official source
Written independently from official MOM source material.