The Monetary Authority of Singapore (MAS) is seeking feedback on proposed Guidelines on Third-Party Risk Management. These guidelines aim to set out MAS's supervisory expectations for financial institutions regarding their use of third-party services. The consultation paper includes a draft template for a register of third-party arrangements.

Financial institutions are required to review the proposed guidelines and submit their feedback by April 20, 2026. While this is a consultation, the proposed guidelines signal future supervisory expectations, and institutions should prepare to implement robust third-party risk management frameworks. Failure to comply with future finalized guidelines could result in supervisory action.