Showing 5563 Documents for "MAS"
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- The exemption from licensing remains in force until the applications are approved or rejected by the Monetary Authority of Singapore (MAS) or withdrawn by the applicant. 2.
- Since the commencement of the PS Act, MAS has received over 580 licence applications, of which 415 had notified MAS within the specified period and were exempted from licensing. To date, 87 applications have been approved, 11 rejected, and 147 applications withdrawn after engagement with MAS.
- The list of entities exempted from holding a licence and the list of entities that are no longer exempt from holding a licence are available on the MAS website. 4. MAS closely scrunitises all applications to ensure the quality of the risk management systems and controls of the applicant.
- MAS
- Media Releases
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- Singapore, 30 June 2020…The Monetary Authority of Singapore (MAS) said today that Wirecard entities in Singapore (“Wirecard”) have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore.
- Other forms of e-payments such as NETS, PayNow and SGQR continue to be available. *** Notes to Editor: Wirecard entities in Singapore are not currently licensed by MAS.
- MAS is closely monitoring the operations of Wirecard. 2 Wirecard’s primary business activities in Singapore are to process payments for merchants and help companies issue pre-paid cards.
- MAS
- Media Releases
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- Singapore, 11 July 2017… The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) and updated an existing Memorandum of Understanding (MOU) on Banking Supervision.
- The two documents were signed at the side of the biennial BOT-MAS Bilateral Meeting. This year’s Bilateral Meeting was hosted by MAS. 2 The FinTech CA aims to help develop a richer financial ecosystem in Thailand and Singapore as well as in ASEAN.
- Cooperation on new financial technology will bring about greater financial inclusion and upgrade the provision of financial services to our region.” 5 Ravi Menon, Managing Director, MAS, said, “BOT and MAS are longstanding partners in promoting regional financial integration and supervisory cooperation
- MAS
- Media Releases
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- Singapore, 31 Jul 2006...The Monetary Authority of Singapore (MAS) has released a consultation paper proposing several changes to the Banking Act.
- They include the ability for MAS to direct the sale of the business of a failed bank to another bank. 3 MAS invites interested parties to forward their comments on the proposals in the consultation paper and the draft Banking (Amendment) Bill. Both documents can be found on the MAS website.
- Enhancement of MAS' role in bank resolution. To protect depositors and maintain stability in the financial system, MAS proposes that it be given wider powers in the resolution process to act expeditiously in resolving failed banks.
- MAS
- Circulars
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- As part of the consultation, MAS proposed that margin requirements for uncleared derivatives would be phased in from 1 September 2016.
- MAS decision to defer implementation of the margin requirements for uncleared derivatives in view of changes in the implementation schedules of other major markets. Circular No.
- Authority of Singapore (MAS) issued for consultation proposals to implement margin requirements for non-centrally cleared over- the-counter (OTC) derivative trades (uncleared derivatives)1.
- MAS
- Guidelines
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- MONETARY AUTHORITY OF SINGAPORE 22
- It MONETARY AUTHORITY OF SINGAPORE 8 -------- GUIDELINES ON RISK MANAGEMENT PRACTICES FOR INSURANCE BUSINESS - CORE ACTIVITIES MARCH 2013 for additional resources and should assess processes to ensure compliance and to mitigate such risks.
- GUIDELINES ON RISK MANAGEMENT PRACTICES FOR INSURANCE BUSINESS - CORE ACTIVITIES MARCH 2013 GUIDELINES ON RISK MANAGEMENT PRACTICES FOR INSURANCE BUSINESS - CORE ACTIVITIES MONETARY AUTHORITY OF SINGAPORE -------- GUIDELINES ON RISK MANAGEMENT PRACTICES
- MAS
- Media Releases
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- The remaining provisions of the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA) come into operation today. 2 The Monetary Authority of Singapore (MAS) today released a package of Notices and Guidelines to support the implementation of the SFA and the FAA.
- Copies of the legislation, regulations, Notices and Guidelines are available on the MAS website at www.mas.gov.sg .
- Further sessions are scheduled over the next few weeks. 10 MAS will continue to work closely with industry participants and their professional organisations to ensure a smooth migration to the new regime.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) today introduced two new regulations to facilitate corporate bond offerings to retail investors. 2 Corporate issuers traditionally look to the wholesale bond market to meet their funding needs due to higher costs involved in tapping the retail market.
- The MAS has also issued a circular today with further details of the tax concession. Notes to Editor On 1 September 2014, MAS issued a consultation paper proposing changes to the regulatory regime for bond offerings to facilitate greater access by retail investors to bonds.
- Listing Test Credit Test Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Appendix A Eligibility Criteria under the Seasoning Framework and the Exempt Bond Issuer Framework Eligibility Criteria for: Seasoning Framework Exempt
- MAS
- Parliamentary Replies
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- All FIs are required to demonstrate their compliance with the financial measures to MAS and are subject to MAS’ scrutiny and inspection. MAS will take appropriate regulatory actions against FIs found to have breached these financial measures. * * *
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- The financial measures MAS Notice SNR-N01, “Financial Measures in Relation to Russia” which should be read together with MAS Notice SNR-N02, “Financial Measures in Relation to Russia – Non-prohibited Payments and Transactions” ( link to both Notices ). imposed by the Singapore Government in relation
- MAS
- Media Releases
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- Singapore, 23 July 2015… The Monetary Authority of Singapore (MAS) today published a consultation paper outlining measures to safeguard consumers’ interests when buying financial products and services at retailers and public places. 2 MAS proposes to issue Market Conduct Guidelines setting out safeguards
- These include ensuring that there are adequate controls for a proper sales and advisory process. 3 MAS also proposes to require FIs to notify MAS of their marketing and distribution activities at retailers and public places.
- This will allow MAS to monitor the extent of such activities and tailor its supervisory approach accordingly. 4 FIs today have various distribution arrangements to market their financial products and services. Some FIs conduct roadshows at shopping mall atriums, bus interchanges or MRT stations.