Showing 5563 Documents for "MAS"
Filter by
Sort by
- MAS
- Exemptions
Last revised date:
- insurers and special purpose reinsurance vehicles (SPRVs) on the MAS website today.
- - other-regulatory-submissions-to-mas-for-special-purpose-reinsurance-vehicles 2 Yours faithfully (Sent via MASNET) DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT Please contact your MAS officer-in-charge if you require any clarifications.
- Circular No: ID 16/22 29 November 2022 To the Chief Executive Officers of all Captive Insurers and Special Purpose Reinsurance Vehicles Dear Sir/Madam PUBLICATION OF COMPLIANCE TOOLKITS The Monetary Authority of Singapore (MAS) has published compliance toolkits for captive
- MAS
- Media Releases
Last revised date:
- This set of Guidelines replaces the existing MAS Outsourcing Guidelines as well as circular on Information Technology Outsourcing. 5 MAS wishes to thank all respondents for their feedback during the industry and public consultation.
- Singapore, 27 July 2016… The Monetary Authority of Singapore (MAS) today issued new Guidelines on Outsourcing Risk Management to financial institutions (FIs) following extensive industry and public consultation. 2 The Outsourcing Guidelines provide expanded guidance to the industry on prudent risk
- include, under certain circumstances, an arrangement that involves customer information. 3 Mr Ong Chong Tee, Deputy Managing Director, MAS, said, “The new outsourcing guidelines reflect MAS’ continuing efforts to strengthen our guidance to financial institutions in this area.
- MAS
- Parliamentary Replies
Last revised date:
- The MAS Act states that MAS is to maintain price stability conducive to sustainable growth of the economy, and that it is to conduct monetary policy for this purpose.
- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- We have addressed questions on the Official Foreign Reserves (OFR) in this House several times, most recently during the Second Reading Speech on the MAS (Amendment) Bill on 11 January 2022 See "Monetary Authority of Singapore (Amendment) Bill" - Second Reading Speech .
- MAS
- Notices
Last revised date:
- Amendment Notes 01 July 2022 MAS Notice FHC-N652 (2081 KB) dated 29 June 2022 takes effect.
- Notice FHC-N652,Amount (S$'000),,,,ASF factor,,,,Calculated ASF (S$'000),,, ,,< 6 months, 6 months to < 1 year,1 year,,< 6 months, 6 months to < 1 year, 1 year,,< 6 months, 6 months to < 1 year, 1 year,Total ASF "Tier 1 and Tier 2 capital, as set out in paragraphs 6.1.1 to 6.3.8 of MAS Notice 637 as
- Form ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, "Computation of Net Stable Funding Ratio (""NSFR"")",,,,,,,,,,,,, (Name of FHC),,,,,,,,,,,,, As at close of business on (day/month/year),,,,,,,,,,,,, ,,,,,,,,,,,,, "A) Available Stable Funding (""ASF"")",,,,,,,,,,,,, ,,,,,,,,,,,,, ,Paragraph Number in MAS
- MAS
- Enforcement Actions
Last revised date:
- Pursuant to directions issued to CAFPL by MAS, all customers’ moneys held by CAFPL have since been returned to investors. MAS is closely monitoring CAFPL’s implementation of its cessation plan, to ensure that investors are treated fairly. ***
- On 12 January 2021, the Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) launched a joint investigation into various companies under CoAssets Ltd (CoAssets Group Companies) for possible offences under the Penal Code (Cap. 224) and the Securities
- MAS also directed CAFPL to appoint an independent external auditor to review the effectiveness of its remedial measures to address these deficiencies. 3 CAFPL informed MAS in December 2020 that it had failed to comply with the minimum base capital requirement under the SFA and intended to cease operations
- MAS
- Letters to Editor
Last revised date:
- MAS will investigate and take appropriate regulatory action against the FI and any person in breach of MAS’ rules and regulations. Where appropriate, MAS will also publish the regulatory action it has taken. 6.
- The Monetary Authority of Singapore (MAS) expects all FIs to have in place a process to resolve consumer complaints promptly and effectively. 3.
- More information can be found on MAS’ website ( https://www.mas.gov.sg/contact-us/file-report-faq ). *** Dawn Chew Director (Corporate Communications) Monetary Authority of Singapore
- MAS
- Circulars
Last revised date:
- Returns (Accounts and Statements); (c) MAS Notice 130 Insurance Returns (Accounts and Statements) for Captive Insurers; (d) MAS Notice 131 Insurance Returns (Accounts and Statements) for Special Purpose Reinsurance Vehicles; and (e) MAS Notice 212 Insurance Returns (Accounts
- MAS has consulted the Institute of Singapore Chartered Accountants with respect to the amendments to the Reports. The amendments to the Reports will take effect on 16 March 2021. The revised insurance 3 legislations are available on the MAS website.
- ID 05/21 15 March 2021 Chief Executives/ Chief Executive Officer All Insurers and Lloyds Asia Scheme Administrator Dear Sir/Madam AMENDMENTS TO REPORTS OF AUDITORS IN INSURANCE RETURNS The Monetary Authority of Singapore (MAS) has made amendments to the Independent
- MAS
- Guidelines
Last revised date:
- Authority of Singapore (MAS) pursuant to section 64 of the Financial Advisers Act (Cap. 110) (FAA).
- 3.9 Factors that MAS takes into consideration include: (a) whether the advice is given systematically and with continuity.
- It is not MAS intention to consider such persons to be providing financial advice. 4.2 A passive distribution conduit should: (a) only reproduce or distribute reports that originate from licensed or exempt financial institutions regulated by MAS; (b) attribute the reports accurately
- MAS
- Media Releases
Last revised date:
- Singapore, 1 November2017… The Monetary Authority of Singapore (MAS) has successfully obtained higher civil penalties against Mr Wang Boon Heng (Wang) and Ms Foo Jee Chin (Foo) for contravening section 201(b) of the Securities and Futures Act (SFA), which prohibits any conduct that operates as a fraud
- Wang and Foo were further ordered to pay MAS S$21,000 for the legal costs and disbursements incurred by MAS for the appeal. *** Notes to Editor (A) The civil penalty regime (i) A civil penalty action is not a criminal action and does not attract criminal sanctions.
- Accordingly, MAS appealed against the State Courts’ civil penalty orders (HC/DCA 6/2017) and, on 31 October 2017, successfully obtained higher civil penalties against Wang and Foo.
- MAS
- Parliamentary Replies
Last revised date:
- These are financial activities that falls under MAS’ regulatory ambit. Hence, on 1 August 2017, MAS clarified that if a token is structured in the form of securities, the ICO must comply with existing securities laws aimed at safeguarding investors’ interest.
- MAS does not and cannot regulate all products that people put their money in thinking that they will appreciate in value.
- MAS is working on a new payment services regulatory framework that will address these risks. 6. A second example is fund-raising.