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- MAS
- Speeches
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- An Update on the Regulatory Environment for Real Estate Investment Trusts in Singapore Introduction 1 Good morning, ladies and gentlemen. I am pleased to be here, in the company of many experts from the Real Estate Investment Trusts (REITs) industry. 2 In the past decade, the global REIT market has registered healthy growth, particularly in the US and Australia. The success of the market in these countries has motivated Asian and European jurisdictions to facilitate their own REIT markets
- PDPC
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- Mediation Mediation as an AlternativeMediation can be a faster and less costly way of resolving disputes, and takes place outside of the PDPC's investigation process and the court process. When individuals and organisations have disputes, they may choose to solve their issues through mediation. When the individual and organisation meet at the mediation table, it could lead to a better understanding of each side’s interests and areas of disagreement. Mediation is successful where the individual
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 February 2021… The Monetary Authority of Singapore (MAS) has issued four-year prohibition orders (POs) against Mr Lau Man Chun, a former representative of an insurance broker, for dishonest conduct relating to the sale of personal accident (PA) policies. The POs issued against Mr Lau took effect from 22 February 2021. 2 Mr Lau is prohibited from (i) providing any financial advisory service, or taking part in the management of, acting as a director of, or becoming a substantial shareholder
- MAS
- Media Releases
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- 1. Singapore and the US have substantially concluded discussions on an Intergovernmental Agreement (IGA) that will facilitate compliance with the US Foreign Account Tax Compliance Act (FATCA) by Singapore-based financial institutions. The two countries have initialled a Model 1 IGA. 2. FATCA is a US law which targets non-compliance with tax laws by US persons using overseas accounts. Under FATCA, all financial institutions outside of the US are required to regularly submit information on financial
- MAS
- Speeches
Last revised date:
- Building A More Resilient And Sustainable ASEAN Good morning ladies and gentlemen, and thank you for giving me an opportunity to join you today at the ASEAN Insurance Summit. When we last met in 2018, the focus of the Summit was on the 4th Industrial Revolution, and how digitalisation and new technologies could impact the ASEAN insurance sector. Nobody could have foreseen the speed at which we have had to embrace digitalisation since then. The COVID crisis not only disrupted economies and financial
- PDPC
- Public Consultations
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- Faculty of Arts & Social Sciences National University of Singapore Blk AS6, #03-41 11 Computing Drive Singapore 117416 19 Sep 2017 Personal Data Protection Commission 460 Alexandra Road #10-02 PSA Building Singapore 119963 corporate@pdpc.gov.sg Dear Sir/Madam, Re: NM4203 Response
- PDPC
- Undertakings
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- Background The Personal Data Protection Commission (the “Commission”) received a data breach notification on 17 July 2020 from Seafront Support Company Pte. Ltd. (“Seafront Support”) informing that a ransomware attack had rendered data on its server inaccessible. The personal data of approximately 400 to 500 individuals was lost in the incident. The affected datasets comprised the affected individuals’ full name, last 3 digits and checksum of their NRIC number, passport number, last 3 digits and
- PDPC
Last revised date:
- Background The Personal Data Protection Commission (the “Commission”) received a data breach notification on 17 July 2020 from Seafront Support Company Pte. Ltd. (“Seafront Support”) informing that a ransomware attack had rendered data on its server inaccessible. The personal data of approximately 400 to 500 individuals was lost in the incident. The affected datasets comprised the affected individuals’ full name, last 3 digits and checksum of their NRIC number, passport number, last 3 digits and
- MAS
- Exemptions
Last revised date:
- This Compliance Toolkit is to guide and facilitate insurance brokers’ compliance with the various MAS approval and reporting requirements and timelines. Resources: Compliance Toolkit for Insurance Brokers (338.5 KB) Monetary Authority of Singapore COMPLIANCE TOOLKIT FOR INSURANCE BROKERS Approvals, Notifications and Regulatory Submissions to MAS under the Insurance Act (Chapter 142) ISSUED JANUARY 2023 1 -----
- PDPC
- Public Consultations
Last revised date:
- January 2020 The PDPC has issued a response to the feedback received from the public consultation. PDPC's Response Note to the Public Consultation on Data Portability and Data Innovation Provisions July 2019 The public consultation on Proposed Data Portability and Data Innovation Provisions has closed on 17 July 2019. Responses received at closing date on 17 July 2019 May 2019 This public consultation paper seeks views on the proposed data portability and data innovation provisions. These proposals