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- MAS
- Speeches
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- 1 Mdm Speaker, I beg to move that the Bill be now read a second time. 2 Arising from the amendments to the Monetary Authority of Singapore Act (“MAS Act”) to extend the resolution regime for banks and insurance companies to certain other financial institutions, consequential amendments have to be made to other Acts under MAS’ purview as well as the Companies Act. MAS has also taken the opportunity to make amendments to enable better administration of certain Acts under its purview. 3 The Bill
- MAS
- Subsidiary Legislation
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- Sets out requirements for insurers approved to write marine, aviation and transit (MAT) insurance. 4 Jan 2021 Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2021 (46.3 KB) takes effect on 1 Jan 2021. 30 Dec 2020 Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2020 (54.4 KB) takes effect on 31 Dec 2020. 19 Nov 2019 Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2019 takes effect on 21 Nov 2019
- MAS
- Notices
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- Requirements and guiding principles for insurers on the management of outward reinsurance arrangements. This notice applies to all licensed insurers, except for paragraph 5, which does not apply to reinsurers and captive insurers. It sets out: Mandatory requirements for direct insurers to submit annual returns pertaining to their outward reinsurance arrangements and exposures to their top ten reinsurance counterparts. Guiding principles that relate to the oversight of the reinsurance management process
- MAS
- Media Releases
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- Singapore, 17 November 2017… Over 1,000 attendees, comprising investors and FinTech start-ups, turned up at the Singapore FinTech Festival ’s Investor Summit or “Deal Day” today, and up to US$2 billion of capital was made available for the start-ups. The Investor Summit was the finale of the four-month long matchmaking programme to provide opportunities for FinTech start-ups to access funding from local and global investors. More than 1,000 FinTech start-ups and 400 investors indicated interest to
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Consultation on Insurance Resolution (30.4 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Insurance Resolution (125.5 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON INSURANCE RESOLUTION Introduction Proposed Powers for MAS 1 1.1 In December 2009, the Monetary Authority of Singapore (MAS) conducted a consultation on the review of MAS powers relating to the resolution of insurers, in particular
- MAS
- Media Releases
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- Singapore, 14 April 2015…In response to media queries, the Monetary Authority of Singapore (MAS) said today that certain market commentaries suggesting that MAS had been intervening heavily to support Singapore’s currency were incorrect. These reports had erroneously cited the fall in Singapore’s official foreign reserves (OFR) and MAS’ FX swaps since mid-2014 as an indication of heavy intervention by MAS to support the Singapore Dollar Nominal Effective Exchange Rate (S$NEER). 2 The decline in
- MAS
- Media Releases
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- Singapore, 17 September 2010... The Singapore High Court today found that a Malaysian fund manager, Pheim Asset Management Sdn Bhd (“Pheim Malaysia”), and its founder and CEO, Dr Tan Chong Koay had contravened the market rigging provisions under section 197(1)(b) of the Securities and Futures Act (SFA) by trading with the intention of creating a false or misleading appearance in the price of United Envirotech Ltd (“UET”) shares. The High Court ordered Pheim Malaysia and Dr Tan to each pay a civil
- MAS
- Economic Essays
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- By Danny Quah This study was published as Special Feature C in the April 2022 Macroeconomic Review. 110 Macroeconomic Review | April 2022 Special Feature C The Roles of Central Banks Evolution, or Demand and Supply? Danny Quah1 This Special Feature reviews some of the key forces driving central banks changing roles over the past half-century. In the 1980s, a powerful consensus emerged across the global economy for making central banks independent in pursuit of price stability
- MAS
- Staff Papers
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- Net foreign assets is a variable of considerable appeal, since net debtors need in principle to have depreciated exchange rates to generate the trade surpluses required to service debt payments.
- MAS
- Notices
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- Sets out the obligations of managers of authorised Collective Investment Schemes (CIS) and other relevant persons in relation to a cancellation of the purchase of units in an authorised CIS by an investor. This notice applies to authorised CIS managers and other relevant persons specified in paragraph 5 of the notice, who shall provide to investors with a right to cancel an agreement to purchase units in an authorised CIS within 7 calendar days. Amendment Notes 16 Mar 2020 SFA 04/13-N01 (Amendment