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Monetary Authority of Singapore - Securities Industry Council
The MAS promotes economic growth through formulating appropriate monetary policies and surveying emerging trends and potential vulnerabilities. It supervises all financial institutions in Singapore and promotes a strong corporate governance framework and close adherence to international accounting standards. Take-overs and mergers in Singapore, in particular, are subject to non-statutory rules in the Singapore Code on Take-overs and Mergers (Take-over Code), which is administered by the Securities Industry Council (SIC).