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- MAS
- Media Releases
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- Singapore, 20 January 2012… MAS welcomes ABS' announcement of the new measures that banks will be implementing to enhance the security of the retail payment infrastructure. 2 Mr Wan Aik Chye, Director, Specialist Risk Department, MAS, said, ”Banks should implement the new measures as soon as they can, and ahead of the industry’s timeline where possible. We expect banks to have in place robust fraud detection systems to track customer accounts for unusual spending patterns and suspicious
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Draft Regulations Pursuant to the SFA and the FAA (24.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations Pursuant to the SFA and the FAA (50 KB) RESPONSE TO FEEDBACK RECEIVED POLICY CONSULTATION ON DRAFT REGULATIONS PURSUANT TO THE SECURITIES AND FUTURES ACT AND THE FINANCIAL ADVISERS ACT On 23 June 2009, MAS issued a policy consultation paper that proposed new Regulations and amendments to certain existing Regulations
- SSO
- Subsidiary Legislation
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- Fees 30. —(1) The fees payable in relation to an appeal are specified in the Schedule. (2) The fee payable under these Regulations for an application or the provision or filing of a document must be paid to the Secretary, in such manner as the Chairman may direct, at the time that the application is made or the document is provided or filed, as the case may be. (3) Where the cheque or authorisation for the payment of any fee payable under these Regulations for an application or the provision or
- SSO
- Subsidiary Legislation
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- Fees 30. —(1) The fees payable in relation to an appeal are specified in the Schedule. (2) The fee payable under these Regulations for an application or the provision or filing of a document must be paid to the Secretary, in such manner as the Chairman may direct, at the time that the application is made or the document is provided or filed, as the case may be. (3) Where the cheque or authorisation for the payment of any fee payable under these Regulations for an application or the provision or
- MAS
- Consultations
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- Sets out proposals to refine the current prospectus requirements for offers of plain vanilla bonds made by issuers who meet eligibility criteria such as a listing track record and strong credit profile. Response VIEW DOCUMENT Response to Feedback: Facilitating Bond Offerings to Retail Investors (190.6 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Facilitating Bond Offerings to Retail Investors (209.3 KB) RESPONSE TO FEEDBACK RECEIVED FACILITATING BOND OFFERINGS TO RETAIL INVESTORS
- MAS
- Speeches
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- Shanghai Municipal Financial Regulatory Bureau, Director General Dr Zheng Yang Distinguished speakers and guests Ladies and gentlemen, good afternoon. Introduction 1 First, let me thank the Shanghai Municipal Financial Regulatory Bureau (“SFRB”) for hosting the 4th Shanghai-Singapore Financial Forum. It is a great pleasure to see our good friends from Shanghai and Singapore at the forum today. Bilateral cooperation between Singapore and China 2 Over the last five years of China-Singapore financial
- MAS
- Speeches
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- Good afternoon ladies and gentlemen. Thank you for inviting me to address you at your Annual Luncheon. 2 I would like to first congratulate Mr Derek Teo for being reappointed as GIA's President for another year. I also congratulate the rest of GIA's Management Committee members on their appointment. I look forward to working closely with all of you for another year as we pursue the many areas of common interest. 3 Allow me to also congratulate the GIA on its 40th anniversary. MAS and GIA
- MAS
- Media Releases
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- 1 The Minister for Trade & Industry and Deputy Chairman of the Monetary Authority of Singapore (MAS) today moved the Banking (Amendment) Bill ("the Bill") for first reading in Parliament. The Bill will be read a second time and discussed at the next available Parliamentary sitting. Overview 2 As part of its on-going review of the banking regulatory and legislative framework, MAS is introducing several new policies and measures to strengthen prudential safeguards, facilitate risk-based supervision
- MAS
- Speeches
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- Distinguished guests, Ladies and Gentlemen. 1 Good morning. I am delighted to join you at the Asia Anti-Money Laundering Summit. The theme for the summit – combating money laundering effectively – is apt and timely in light of the increasing focus on anti-money laundering and countering the financing of terrorism (or “AML/CFT” in short). This is a good opportunity for the industry to take stock of the money laundering and terrorist financing risks it faces, and how prepared it is in dealing with
- MAS
- Media Releases
Last revised date:
- Singapore, 16 March 2017…The Monetary Authority of Singapore (MAS) today published a consultation paper to seek public feedback on the proposed new legal tender limit for coins. 2 Under the Currency Act, limits are placed on the amount of each coin denomination that can be used for payment. These are referred to as legal tender limits. The existing limits are $2 per denomination for 5-cent, 10-cent and 20-cent coins, and $10 for 50-cent coins. There are no limits for payment by $1 coins. These