Hello, does anyone know how accreditation of a broker by MAS affects/insures me?

Securities brokerage can apply for the capital markets services licence.

When assessing an application for a CMS licence, MAS takes into account factors such as:

• Fitness and propriety of the applicant, its shareholders and directors.

• Track record and management expertise of the applicant and its parent company or major shareholders.

• Ability to meet the minimum financial requirements prescribed under the SFA.

• Strength of internal risk management and compliance systems.

• Business model/ plans and projections and the associated risks.

This is to safeguard the interest of the clients and minimise risk associated with the company.