Applicability and proportionality (Consultation Paper Section 3; proposed Guidelines Section 1)
Is this legally binding?
Consultation. Proposed, not final. Read it, plan for it, and do not treat it as settled.
Proposed and not final. Nothing here can be enforced against you yet.
MAS proposes to apply the Guidelines to all FIs (as defined in s.2 Financial Services and Markets Act 2022), implemented proportionately - commensurate with size, nature of activities, AI use and risk profile. AI scope covers models, systems and use cases that learn or infer; rule-based calculators are excluded.
From the source
“MAS proposes to apply the Guidelines to all FIs”
Consultation Paper Section 3, pp.6-7; proposed Guidelines paras 1.1-1.7
What this connects to
2 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.
Cites1
- InstrumentConsultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions (P017-2025)Consultation
Section of the consultation paper / proposed Guidelines
Cited by1
- ObligationProposed: basic ai policiesConsultation
Proposed expectation within this section of the draft Guidelines
Verified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.