Glossary · role

Principal Officer

Also known as: PO

Definition: A Principal Officer is the MAS-required senior individual at a licensed financial institution who is responsible for ongoing regulatory compliance, fitness-and-propriety of representatives, and overall conduct of the regulated business.

Every MAS-licensed entity (CMSL, LFA, EFA, RFMC) must designate a Principal Officer satisfying fit-and-proper criteria. The PO is named in the firm's MAS filings, appears in the FID Key Personnel list, and is the primary regulatory contact for MAS supervision. A change of Principal Officer requires MAS notification and approval.

Source: MAS FID

Key Personnel

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Principal Officer

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