Showing 4089 Documents for "payment services"
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- MAS
- Media Releases
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- Singapore, 21 January 2022…Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding The MOU between BI and MAS signed on 20 November 2010 will be superseded by this new MOU. (MOU) to strengthen bilateral cooperation and deepen ties. 2 The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to payments innovation, and formalise cooperation across an expanded range of central bank and regulatory functions
- MAS
- Circulars
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- Sets out the classification of tax liabilities arising from non-guaranteed benefits of participating policies. Circular No. ID 02/08 18 Feb 2008 To Principal Officers All Direct Life and Composite Insurers Dear Sir/Madam CLASSIFICATION OF TAX LIABILITIES ARISING FROM NON-GUARANTEED BENEFITS OF PARTICIPATING POLICIES Under the Insurance (Valuation and Capital) Regulations 2004 (the V&C Regulations), the allowance for provision for non-guaranteed benefits of participating
- MAS
- Circulars
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- Sets out the classification of tax liabilities arising from non-guaranteed benefits of participating policies. Circular No. ID 12/20 09 March 2020 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam CLASSIFICATION OF TAX LIABILITIES ARISING FROM NON-GUARANTEED BENEFITS OF PARTICIPATING POLICIES Under RBC 2, the allowance for provision for non-guaranteed benefits (APNGB) of participating policies is a positive regulatory
- MAS
- Consultations
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- This consultation seeks views on the proposed capital requirements to be imposed on locally incorporated Recognised Market Operators Response VIEW DOCUMENT Response to Feedback Received on the Proposed Amendments to the Capital Requirements for Locally Incorporated Recognised Market Operators (964.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Capital Requirements for RMOs (213.6 KB) RESPONSE TO FEEDBACK RECEIVED 28 February 2022 Proposed Amendments to the Capital Requirements
- MAS
- Consultations
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- This consultation seeks views on proposals to enhance and update the complex products regime. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Changes to Complex Products Regime (292.1 KB) This consultation seeks views on proposals to enhance and update the complex products regime. CONSULTATION PAPER P016-2021 November 2021 Proposed Changes to the Complex Products Regime Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON PROPOSED CHANGES TO THE COMPLEX
- MAS
- Parliamentary Replies
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- Date: For Parliament Sitting on 8 May 2023 Name and Constituency of Member of Parliament Dr Lim Wee Kiak, Sembawang GRC Question: To ask the Prime Minister whether he can provide an update on the progress of the framework for equitable sharing of losses between scam victims and financial institutions. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The Government has been working to develop a clear framework to mitigate losses by victims of phishing scams where
- MAS
- Speeches
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- Introduction 1 Good afternoon. It gives me great pleasure to present the Financial Advisory Industry Review (FAIR) Panel report (Annex 1) today. This report is the result of 8 months of intense deliberations by the Panel. From the beginning, we recognized that the Panel does not have a monopoly on ideas to improve the industry. Thus, we had consulted widely with industry veterans, foreign regulators, consumer bodies and industry groups. We solicited and received more than 1300 comments and
- PDPC
- Sector-specific Advisory Guidelines
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- These Advisory Guidelines clarify how the Data Protection Provisions in the PDPA apply to healthcare institutions’ collection, use and disclosure of personal data, as well as suggest good data protection practices in certain scenarios. The full document is available here . Chapters Listing Introduction (Part 1) Application of the data protection provisions to scenarios faced in the healthcare sector (Part 2) Application of the do not call provisions to scenarios faced in the healthcare sector (Part
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Rules on Residential Property Loans (53.3 KB) Consultation Paper VIEW DOCUMENT Rules on Residential Property Loans (123.7 KB) RESPONSE TO FEEDBACK RECEIVED RULES ON RESIDENTIAL PROPERTY LOANS Introduction MAS carefully considered Proposal 1: Regulatory LTV limits on MWLs 1 On 13 January 2011, the Monetary Authority of Singapore 1.1 (MAS) issued a consultation paper on proposals to require financial institutions
- MAS
- Enforcement Actions
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- 1 On 7 July 2017, MAS reprimanded Accel-X Management Pte Ltd (Accel-X) for its breaches of (i) section 99(A)(1) of the Securities and Futures Act (SFA), (ii) paragraph 5(7J) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (SFR) and (iii) paragraph 5(7I)(a) of the Second Schedule to the SFR. MAS also reprimanded the company’s Chief Executive Officer (CEO) and director, Mr Edmund Yong Kin Kwong, for misconduct under section 334(2) of the SFA.