Singapore. Registry of Mutual Benefit Organisations
Mutual Benefit Organisations (MBOs) are membership-based entities which provide relief to their members. The MBOs are regulated by the Registry of the Mutual Benefit Organisations, under the Mutual Benefit Organisation Act (Cap 191) and the Mutual Benefit Organisation Rules. As a regulator, the Registry seeks to protect the collective interests of MBO members by promoting prudence and accountability for the use of the MBO funds by the office bearers in the MBOs. The Registry also promotes sound management and governance of MBOs. This way, people in Singapore will have greater confidence in the MBOs to meet their needs, and lead to some volunteering their time in the governance or administration of the MBOs, thus building a gracious and caring society we call home.
