Showing 590 Documents for "CMS"
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- MAS
- Media Releases
Last revised date:
- CRAs will consequently have to be licensed under the Capital Markets Services (CMS) licensing regime under the SFA and be subject to licensing obligations. CRAs will be required to comply with existing Regulations, Guidelines and Notices under the SFA that apply to all CMS licensees.
- In addition, CRAs will also have to comply with a new Code of Conduct for CRAs that MAS will introduce in conjunction with the establishing of a regulatory regime for CRAs. 4 MAS will also require CMS licensees providing credit rating services to appoint and register under the Representative Notification
- MAS
- Forms and Templates
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- SECURITIES AND FUTURES ACT 2001 SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS FORM 32 NOTICE OF CESSATION OF BUSINESS LODGED PURSUANT TO PARAGRAPH 3(4)(c) AND/OR 3A(4)(c) OF THE SECOND SCHEDULE TO THE REGULATIONS BY A PERSON EXEMPTED FROM HOLDING A CAPITAL MARKETS SERVICES
- MARKETS PRODUCTS THAT ARE FUTURES CONTRACTS AND/OR OVER-THE-COUNTER DERIVATIVES CONTRACTS UNDER PARAGRAPH 3(1)(d) AND/OR 3A(1)(d) OF THE SECOND SCHEDULE TO THE REGULATIONS Explanatory Notes Explanatory Notes For the purposes of this Form exempt person refers to a person exempt from holding a capital
- For the purposes of this Form exempt person refers to a person exempt from holding a capital markets services licence under paragraph 3(1)(d) and/or 3A(1)(d) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10) (the Regulations); key officer, in
- MAS
- Exemptions
Last revised date:
- Exemption from requirement to hold a Capital Markets Services (CMS) licence for dealing in capital markets products that are securities and advising on corporate finance 2
- Markets Services (CMS) licence for fund management 7 May 2019 and 28 June 2019 MAS granted exemptions to 8 single family offices (SFOs) that provided fund management services to their respective sponsors.
- SFA) For the period from 1 April 2019 to 30 June 2019 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 8 Section 99(1)(h) of the SFA, read with section 337(2) of the SFA Exemption from requirement to hold a Capital
- MAS
- Exemptions
Last revised date:
- Markets Services (CMS) licence dealing capital markets products (CMPs) that are over- the-counter (OTC) derivatives contracts for in -------- Exemption from requirement to hold a Capital Markets Services (CMS) licence for fund management 2 14 Section 99(1)(h) of the
- shall limit its trading activities to arranging OTC derivatives transactions on behalf of its immediate parent company, and these transactions are to be entered into only with licensed banks or the companys affiliated companies. 1 a hold Exemption from requirement to Capital
- MAS
- FAQs
Last revised date:
- Q17 If I am currently an appointed, provisional or temporary representative of a holder of a Capital Markets Service (CMS) licence or a Financial Advisers (FA) licence, can I be a representative of an exempt person? A17 No.
- MAS
- Consultations
Last revised date:
- all finance companies; subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and all significant derivatives holders.
- As such, MAS is proposing a threshold of S$5 billion annual aggregate notional amount, which will subject these active non-bank FIs (including subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses) to reporting requirements.
- Reporting of Credit Derivatives Contracts traded in Singapore by: all finance companies; subsidiaries of banks incorporated in Singapore, insurers and holders of CMS licenses, with annual aggregate gross notional amount of specified derivatives contracts of more than S$5 billion; and
- MAS
- Consultations
Last revised date:
- SFA 04-N11 issued on 26 November 2010 is cancelled with effect from [effective date]. 2 This Notice shall apply to all holders of a capital markets services licence, Registered Fund Management Companies and persons who are exempt from holding a CMS licence under section 99(1)(a), (
- Definitions 3 For the purposes of this Notice CMI means a holder of a capital markets services licence, a Registered Fund Management Company, or a person who is exempt from holding a CMS licence under section 99(1)(a), (b), (c) or (d) of the Act; corrective action means any disciplinary
- FAA-N14 Notice on Reporting of Misconduct of Representatives by Financial Advisers (FAA Notice), MAS 504 Notice on Reporting of Misconduct of Broking Staff by Insurance Brokers (IA Notice) and SFA 04-N11 Notice on Reporting of Misconduct of Representatives by Holders of Capital
- MAS
- Enforcement Actions Media Releases
Last revised date:
- On 3 June 2020, Ms Tan was convicted under section 82(1) read with section 331(1) of the SFA for consenting to Noble carrying on a business of dealing in securities without holding a capital markets services licence. She was sentenced to 8 months’ imprisonment.
- Under the PO, which took effect on 18 May 2022, Ms Tan is prohibited from performing any regulated activity or from taking part in the management of, acting as a director of, or becoming a substantial shareholder of a holder of a capital markets services firm under the SFA. 3.
- Singapore, 23 May 2022… The Monetary Authority of Singapore (MAS) has issued an eight-year prohibition order (PO) against Ms Nancy Tan Mee Khim, following her conviction for consenting to Noble Consulting Group Pte Ltd (Noble) carrying on a business of dealing in securities without holding a capital
- MAS
- Notices
Last revised date:
- This notice applies to - Capital markets services (CMS) licensees; and - Banks, merchant banks and finance companies which conduct the regulated activities of dealing in capital markets products, fund management or real estate investment trust management under the SFA.
- DEFINITIONS 2 2.1 capital markets intermediary means For the purposes of this Notice (a) a holder of a capital markets services licence to carry on business in one or more of the following regulated activities: (i) dealing in capital markets products; (ii) fund management;
- (iii) real estate investment trust management; or (b) a person exempted from the requirement to hold a capital markets services licence under section 99(1)(a), (b) or (c) of the Act in respect of one or more of the following regulated activities: (i) (ii) (iii) dealing in capital
- MAS
- Exemptions
Last revised date:
- MAS granted an exemption to these IDBs from holding a Capital Markets Services (CMS) licence for trading in futures contracts. These IDBs operate as intermediaries between commodity wholesale institutions in relation to OTC derivative transactions.
- The exemption was to allow the IDBs to continue serving their customers in the interim while their applications for the CMS licence were being reviewed.
- Following the move by major international exchanges to convert OTC derivatives that are cleared on their exchanges into futures contracts, the IDBs are required under the SFA to hold a CMS licence for trading in futures contracts in order to deal in these contracts