Showing 2492 Documents for "DPT"
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- SSO
- Legislation
Last revised date:
- Power to give directions 29. —(1) The Commission may, if it is satisfied that an organisation is not complying with any provision in Parts III to VI, give the organisation such directions as the Commission thinks fit in the circumstances to ensure compliance with that provision. (2) Without prejudice to the generality of subsection (1), the Commission may, if it thinks fit in the circumstances to ensure compliance with Parts III to VI, give the organisation all or any of the following directions
- MAS
- Circulars
Last revised date:
- To remind all direct insurers to comply with their regulatory obligations under Section 35ZH of the Insurance Act, read with section 35ZN(2) of the Insurance Act, not to pay any volume-based remuneration to direct insurance brokers. Circular No. ID 01/20 13 January 2020 Chief Executives Dear Sir/Madam All Direct Insurers and Lloyds Service Companies RESTRICTION AS TO RECEIPT AND PAYMENT OF VOLUME-BASED REMUNERATION Section 35ZH of the Insurance Act (Cap. 142) (the Act), read with section
- MAS
- Speeches
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- Opening Address by Mr Lim Hng Kiang, Minister for Health and 2nd Minister for Finance, at the Annual Conference of the 25th Federation of ASEAN Economic Associations Introduction Distinguished guests, ladies and gentlemen, good morning. It is my pleasure to join you today for the 25th annual conference of the Federation of ASEAN Economic Associations. May I extend a warm welcome to all delegates from our ASEAN neighbours. Since its inception in 1976, the FAEA has served as a useful forum for the
- MAS
- FAQs
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- Frequently asked questions about the Notice on Technology Risk Management. Frequently Asked Questions: Notice on Technology Risk Management Q1: Which categories of financial institutions ("FIs") are subject to the Notice on Technology Risk Management (Notice)? A1: The FIs to which the Notices apply are: S/No. FIs 1 Governing Act Notice No. Securities and Futures Act Notice CMG-N02 persons who are approved under section All- approved exchanges; (a
- MAS
- Financial Sector Development Fund Annual Report
Last revised date:
- Statement by Management For the financial year ended 31 March 2017 In the opinion of the Management, the financial statements of the Fund as set out on pages 1 to 27 are drawn up so as to present fairly the state of affairs of the Fund as at 31 March 2017, the results and changes in equity of the Fund for the financial year ended on that date, and of the cash flows of the Fund for the financial year then ended. THARMAN SHANMUGARATNAM
- MAS
- Media Releases
Last revised date:
- Singapore, 6 September 2004...The Monetary Authority of Singapore (MAS) announced that banks must obtain a written declaration from a borrower on the amount of discount, rebate or benefit received for the purchase of a property when granting a housing loan. 2. The declaration should also include the amount of loans obtained by the borrower from other financial institutions or the seller for the purchase of the property. Buyers will have to disclose these amounts, including any private arrangements
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 666 NOTICE PAPER 258 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 16 February 2021 Name and Constituency of Member of Parliament Ms Foo Mee Har, MP, West Coast GRC Question: To ask the Prime Minister (a) what is the number of borrowers who applied for relief packages offered by financial institutions to overcome financial difficulties due to the COVID-19 pandemic; and (b) what is the number of borrowers expected to have problems transitioning back to full loan repayment.
- MAS
- Media Releases
Last revised date:
- Singapore, 1 August 2018… The Monetary Authority of Singapore (MAS) announced today that Singapore will undergo the International Monetary Fund (IMF)’s Financial Sector Assessment Programme (FSAP) this year. The FSAP will assess the resilience of Singapore’s financial sector, the quality of MAS’ regulatory framework and supervision, and capacity of authorities to manage and resolve financial crises. This will be Singapore’s third FSAP assessment. 2 Specifically, the scope of the FSAP will include
- MAS
- Letters to Editor
Last revised date:
- 29 July 2013 The Editor TODAY Voices Dear Editor Mr Lim Soon Heng asks “Isn’t car debt more risky than property debt?”, (TODAY Voices, 25 July 2013). MAS does not think so. First, property loans are much larger; they make up more than 70% of household debt. Second, property loans are subject to the risk posed by an increase in interest rates. A majority of the property loans taken in recent years is on floating rate packages, unlike car loans which are on fixed rates. When interest rates rise,
- MAS
- Media Releases
Last revised date:
- Singapore, 3 November 2021...The Monetary Authority of Singapore (MAS) today issued a consultation paper on the classification of certain investment products as complex, whereby enhanced safeguards will apply when they are distributed to retail investors. The paper also proposes changes to increase retail investors’ access to diversified investment funds. 2 The consultation seeks to enhance the existing complex products regime Products which are well-established in the market and have terms and conditions