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- Sets out the circumstances under which financial advisers are permitted to receive or accept remuneration. 08 Oct 2018 Financial Advisers (Remuneration) (Amendment) Regulations 2018 09 Mar 2017 Financial Advisers (Remuneration) (Amendment) Regulations 2017 (236.9 KB) 1 S 81/2017 First published in the Government Gazette, Electronic Edition, on 9 March 2017 at 5 pm. No. S 81 FINANCIAL ADVISERS ACT (CHAPTER 110) FINANCIAL ADVISERS (REMUNERATION) (AMENDMENT) REGULATIONS
- MAS
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- 1 The Minister for Education and Deputy Chairman, Monetary Authority of Singapore (MAS) today moved the Payment Systems (Oversight) Bill (the Bill) for first reading in Parliament. The Bill will be read for a second time and discussed at the next available Parliamentary sitting. 2 MAS conducted public consultations on the proposed regulatory framework for payment systems and stored value facilities (SVF) in Singapore in April 2003, and the draft of the Bill in December 2004. The feedback
- MAS
- Media Releases
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- New prototype ‘Project Ellipse’ enables quick access to early warning indicators, analytics, and prudential metrics for banking supervision. The Ellipse prototype is the first to be published on BIS Open Tech , a new platform for sharing software as public goods for further testing, customising and scaling. Integrating regulatory and other data, facilitated by advanced technology, could enhance the analytical capabilities of regulators to be more forward-looking and data-driven. Singapore, 31 March
- MAS
- Speeches
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- Distinguished guests, ladies and gentlemen, good morning. And to all our foreign guests, a warm welcome to Singapore. The sun is shining on Islamic finance. Let me highlight three promising global developments. First, Islamic finance continues to grow rapidly. The industry grew at double digits last year, as it has for the previous five years, despite global economic uncertainties and market volatility. Global Islamic financial assets are estimated to have reached US$1.8 trillion by the end of
- MAS
- Media Releases
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- Singapore, 21 April 2023… The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) today announced the establishment of the China-Singapore Green Finance Taskforce (GFTF). The GFTF will deepen bilateral cooperation in green and transition finance between Singapore and China and facilitate greater public-private sector collaboration to better meet Asia’s needs as it transitions to a low carbon future. 2. At the inaugural meeting hosted in Chongqing today, the GFTF discussed joint
- MAS
- Media Releases
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- Singapore, 25 August 2016... The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed changes to the payments regulatory framework and establishment of a National Payments Council. Proposed Activity-Based Payments Framework 2 Singapore’s payment regulations currently cut across two pieces of legislation: the Payment Systems (Oversight) Act (PS(O)A) and the Money-changing and Remittance Businesses Act (MCRBA), which govern stored value and remittances respectively
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Draft Deposit Insurance Agency Rules (100.3 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Deposit Insurance Agency Rules (164.1 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION ON DRAFT DEPOSIT INSURANCE AGENCY RULES On 27 December 2005, MAS released a consultation paper inviting comments on the draft Deposit Insurance Agency Rules. The consultation period closed on 27 January 2006. MAS thanks all respondents for
- MAS
- Media Releases
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- Singapore, 30 September 2020… The Monetary Authority of Singapore (MAS) announced today that it has directed Wirecard entities in Singapore (Wirecard SG) to cease their payment services in Singapore and to return all customers’ funds by 14 October 2020. 2 MAS has been monitoring the impact of Wirecard AG’s insolvency on the ability of Wirecard SG to continue providing payment services in Singapore. MAS has closely engaged Wirecard SG in recent months to safeguard the interest of Wirecard SG’s customers
- MAS
- Media Releases
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- Singapore, 29 August 2017… Establishing interoperable electronic payments and developing a common QR code for Singapore were two key topics that the Payments Council discussed at its inaugural meeting on 11 August 2017. Establishing interoperable electronic payments 2 The Council noted electronic payments as a strategic enabler to enhance business operations and provide greater convenience for citizens, as part of Singapore’s Smart Nation agenda. 3 Council members noted that usage of e-payments
- MAS
- Media Releases
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- Singapore, 2 August 2017… The Monetary Authority of Singapore (MAS) announced today that it will establish a Payments Council, comprising 20 leaders from banks, payment service providers, businesses, and trade associations. Members are appointed for a two-year term and the full list of members can be found in Appendix 1. 2. The setting up of the Payments Council is part of a series of initiatives MAS is taking towards realising the vision of an e-payments society in Singapore. This includes facilitating