Minister for Home Affairs K Shanmugam will also give a supervisory statement on the government’s place on the use of drugs act, according to the order report released on Monday.
Other topics that will be discussed in the parliamentary session include housing and development board ( HDB) flats ‘ instant withdrawal cases, bus safety, and water seepage cases.
Questions involving chocolate finance were posed by a number of Members of Parliament ( MPs ).  ,
According to “high demand,” the financial services platform briefly stopped quick fund withdrawals last month. It stated on March 10 that withdrawals would take three to ten working days before appearing in people ‘ bank accounts.  ,
The Monetary Authority of Singapore ( MAS ) is making sure financial institutions and fintech companies provide clear, accurate, and timely communication regarding changes to their products and services, according to MP Saktiandi Supaat ( PAP-Bishan-Toa Payoh ).
He also inquired about how MAS ensures the companies agree to the same standards of risk control and customer communications as banks and what steps are in position to promote these institutions to adopt dependable marketing strategies.
He Ting Ru, a member of the MP for Sengkang, inquired about whether MAS had been reviewing its safeguards to make sure non-licensed individuals do not offer financial advice and affect the community with opinions on certified financial institutions.
She also questioned whether complaints against economic influencers and non-licensed individuals have increased.
Mark Lee, a nominated member of Parliament ( NPP ), was interested in finding out how MAS ensures that high-yield investment products are offered on fintech platforms and non-bank financial institutions that have sufficient liquidity and manage fund withdrawal risks.