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- MAS
- Media Releases
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- Singapore, 30 July 2014… The Monetary Authority of Singapore (MAS) announced today the features of life insurance products that consumers can purchase directly from insurance companies, without incurring commissions (direct purchase products). This is an initiative under the Financial Advisory Industry Review (FAIR) 1 . 2 The features for these direct purchase products took into consideration the need to balance the interests of all stakeholders, while ensuring that the product design meets the
- MAS
- Media Releases
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- Singapore, 23 December 2004...The Monetary Authority of Singapore (MAS) today released a consultation paper on the draft Payment Systems (Oversight) Bill. 2 The draft Payment Systems (Oversight) Bill will provide a uniform basis for MAS' oversight of payment systems and stored value facilities in Singapore. The draft Bill is targeted for first reading in Parliament in the first half of 2005. 3 The draft Bill incorporates the policy proposals set out in the consultation paper in April 2003 and
- MAS
- Notices
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- Rules for finance companies when granting residential property loans to individuals and non-individuals. This notice applies to all finance companies in Singapore. It sets out the requirements for finance companies to comply with when granting new and refinanced residential property loans, including loan-to-value limits and loan tenure rules. Amendment Notes 06 Apr 2020 MAS Notice 825 (Amendment No. 2) 2020 (550.6 KB) takes effect. 18 Feb 2020 MAS Notice 825 (Amendment) 2020 (550.4 KB) takes effect
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received for Consultation Paper on Unsecured Credit Facilities (162.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Unsecured Credit Rules (52.7 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON CHANGES TO UNSECURED CREDIT RULES Introduction 1 1.1 On 7 August 2006, Monetary Authority of Singapore (MAS) and the Ministry of Law (MinLaw) released a Joint Consultation Paper on the proposed changes to the Unsecured
- MAS
- Media Releases
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- Singapore, 25 April 2019… The Monetary Authority of Singapore (MAS) has updated the E-Payments User Protection Guidelines (“Guidelines”) to clarify that the Guidelines do not override customers’ instructions to their financial institutions on transaction notification thresholds for e-payments. 2 Under the Guidelines, financial institutions, such as banks, are expected to provide notifications to their customers for all e-payment transactions. These notifications allow customers to monitor e-payment
- MAS
- Letters to Editor
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- Dear Editor, We thank Mr Cheng Choon Fei for his suggestions in his letter of 6 September 2020 entitled "5-cent coins being rejected for payment”. 2 Mr Cheng is correct to point out that the Currency Act provides for a customer to make payment in all currency notes and coins, up to a limit of 20 coins per denomination for each transaction. 3 However, the Currency Act also allows vendors to set a lower limit, or choose not to accept any denomination of currency coins or notes, provided that
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Removing the DBU ACU Divide Implementation Issues (830.9 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Removing the DBU-ACU Divide - Implementation Issues (1.73 MB) RESPONSE TO FEEDBACK RECEIVED February 2017 Response to Feedback Received Removing the DBU-ACU Divide-Implementation Issues Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED ON REMOVING THE DBU-ACU DIVIDE IMPLEMENTATION
- MAS
- Guidelines
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- Guidelines for banks on Notice 626 for the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to all banks on the requirements in Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks . They should be read in conjunction with the notice. 24 Apr 2015 Previous version dated 24 Apr 2015 (605.4 KB) [Cancelled] 02 Dec 2009 Previous version dated 02 December 2009 (162.8 KB) [Cancelled] Monetary Authority
- MAS
- Speeches
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- The Banker magazine interview with Deputy Prime Minister & MAS Chairman Lee Hsien Loong Date : 10 Apr 2003 The Banker asks Singapore's deputy prime minister and finance minister Lee Hsien Loong about banking sector reform, capital raising and foreign competition Q Singapore started out reforming its financial centre even before the Asian financial crisis. This move now seems to have been very far-sighted? A If we had known what was going to happen we would have started even earlier. But it was
- PDPC
- Public Consultations
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- 1 April 2013 Chairman Personal Data Protection Commission Singapore Dear Sir, Symantec Submission to the Proposed Advisory Guidelines on Key Concepts in the Personal Data Protection Act By the Personal Data Protection Commission, Singapore Symantec is a global leader in providing security, storage and systems management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information and identities