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    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Teh Chin Hong @ Edwin Teh, former representative of The Great Eastern Life Assurance Company Limited (GE) 9 years Ms Ng Wei Ling, former representative of United Overseas Bank Limited (UOB) 8 years Mr Aloysius Zephaniah Lim Bing Hong, former
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Teh Chin Hong @ Edwin Teh, former representative of The Great Eastern Life Assurance Company Limited (GE) 9 years Ms Ng Wei Ling, former representative of United Overseas Bank Limited (UOB) 8 years Mr Aloysius Zephaniah Lim Bing Hong, former
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021... The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption. 2 MAS launched the FinTech Regulatory Sandbox in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021... The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption. 2 MAS launched the FinTech Regulatory Sandbox in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback Received- Draft Regulations for Reporting of Foreign Exchange Derivatives Contracts (115.4 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations for Reporting of Foreign Exchange Derivatives Contracts (139.6 KB) RESPONSE TO FEEDBACK RECEIVED DRAFT REGULATIONS PURSUANT TO THE SECURITIES AND FUTURES ACT FOR THE REPORTING OF DERIVATIVES CONTRACTS 1. Introduction 1.1 On 9 July 2014, MAS issued a consultation paper
    • MAS
    • Speeches

    Last revised date:

    • Mr Deputy Speaker, on behalf of Senior Minister and Minister in Charge of the Monetary Authority of Singapore, I beg to move, “That this Parliament, in accordance with section 6A(2)(d) of the Bretton Woods Agreements Act (Chapter 27 of the 2012 Revised Edition), resolves that the maximum amount of grants that the Monetary Authority of Singapore may give under a bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the
    • MAS
    • Media Releases

    Last revised date:

    • 12 November 2019, Singapore… The Monetary Authority of Singapore (MAS) and eight members of the Canadian Securities Administrators (CSA) today signed a cooperation agreement to strengthen collaboration in FinTech between Singapore and CSA’s member jurisdictions. The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan. 2   The agreement sets out the framework of collaboration between the CSA members
    • MAS
    • Speeches

    Last revised date:

    • Michael Bugel, Managing Director, Co-head of APAC, AIMA Lee Kher Sheng, Managing Director, Co-head of APAC and Deputy Global Head of Government Affairs, AIMA Distinguished guests Ladies and gentlemen 1. Thank you for inviting me to the AIMA Singapore Annual Forum. It is my pleasure to join all of you again this year. 2. Last year, the financial markets were challenging. The business environment was fraught with global geopolitical uncertainties, inflationary pressure, and rising interest rates after
    • PDPC
    • Commission's Decisions

    Last revised date:

    • COMMISSIONER FOR PERSONAL DATA PROTECTION Case No DP-1710-B1202 [2019] SGPDPC 27 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Horizon Fast Ferry Pte. Ltd. (UEN No. 201221074R) DECISION … Organisation -------- Horizon Fast Ferry Pte. Ltd. [2019] SGPDPC 27 Tan Kiat How, Commissioner — Case No DP-1710-B1202 25 July 2019 1 On 9 October 2017, the Complainant informed the Personal Data
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $54,000 was imposed on Horizon Fast Ferry for failing to appoint a data protection officer, develop and implement data protection policies and practices, and put in place reasonable security arrangements to protect the personal data collected from its customers. Click here to find out more. COMMISSIONER FOR PERSONAL DATA PROTECTION Case No DP-1710-B1202 [2019] SGPDPC 27 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012