Showing 4089 Documents for "payment services"
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- SSO
- Legislation
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- Public servants and public officers 57. —(1) All individuals appointed under section 8(1) — ( a ) are deemed to be public servants for the purposes of the Penal Code (Cap. 224); and ( b ) are, in relation to their administration, assessment, collection or enforcement of payment of composition sums under this Act, deemed to be public officers for the purposes of the Financial Procedure Act (Cap. 109); and section 20 of that Act applies to these individuals even though they are not or were not in
- MAS
- Letters to Editor
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- Dear Sir, I refer to "Phase out 5-cent coin?" (ST Forum, 12 October 2004). 2 Under the Currency Act, retailers must accept payment in any denomination within the legal tender limits. For 5-cent coins, the legal tender limit is $2. If retailers do not wish to accept a particular denomination of currency notes or coins, they should display notices prominently at their premises. This is stated in the Currency Act. 3 Ms Toh may want to provide MAS with details of the retailers concerned to enable
- MAS
- Letters to Editor
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- Dear Sir, I refer to "Shopkeeper refused to take my 5-cent coins" (The New Paper Speak Up, 2 October 2006). 2 Under the Currency Act, retailers must accept payment in any denomination within the legal tender limits. For 5-cent coins, the legal tender limit is $2. If retailers do not wish to accept a particular denomination of currency notes or coins, they should display notices prominently at their premises. This is stated in the Currency Act. 3 Mr Tan may want to provide MAS with details
- SSO
- Legislation
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- Composition of offences 55. —(1) The Commission may, in its discretion, compound any offence under this Act (except Part IX) which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following sums: ( a ) one half of the amount of the maximum fine that is prescribed for the offence; ( b ) a sum of $5,000. (2) The Commission may, in its discretion, compound any offence under Part IX which is
- SSO
- Subsidiary Legislation
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- Record of hearing 18. —(1) An official record is to be made of every hearing, consisting of the following: ( a ) in a hearing where an audio recording system approved by the Chairman is used — the audio recording; ( b ) in a hearing where an audio recording system is not used — the notes of hearing recorded in such manner as the Chairman may determine. (2) Any party may apply for a copy or a transcript of the official record of hearing on payment of such fees as the Chairman may determine. (3)
- SSO
- Subsidiary Legislation
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- Record of hearing 18. —(1) An official record is to be made of every hearing, consisting of the following: ( a ) in a hearing where an audio recording system approved by the Chairman is used, the audio recording; ( b ) in a hearing where an audio recording system is not used, the notes of hearing recorded in such manner as the Chairman may determine. (2) Any party may apply for a copy or a transcript of the official record of hearing on payment of such fees as the Chairman may determine. (3) An
- MAS
- Letters to Editor
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- Dear Sir, I refer to "Do banks' HDB loans make mockery of MAS rules?" (BT, 30 December 2004). 2 Banks and financial institutions are required to ensure that the total amount of credit facilities, including property vendors' loans, obtained for the purchase of residential property does not exceed the maximum permitted by MAS. This applies whether the credit is secured or unsecured. The bank is required to obtain a written declaration from the borrower on the amount of credit facilities he has
- MAS
- Media Releases
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- Singapore, 7 September 2009...The Monetary Authority of Singapore (MAS) today announced that Singapore will significantly expand its contribution to resources of the International Monetary Fund (IMF). 2 Singapore's contribution will take the form of a US$2 billion contingent loan to the IMF under its New Arrangements to Borrow (NAB) [1] . This represents an increase of US$1.5 billion from our existing contribution under the NAB. 3 Mr Heng Swee Keat, Managing Director, MAS noted that "Singapore's
- MAS
- Media Releases
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- 4 Apr 1998... The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) held a bilateral meeting on Saturday, 4 April 1998, at the MAS. The HKMA delegation was led by Mr Joseph Yam, Chief Executive, HKMA, while the MAS delegation was headed by Mr Koh Yong Guan, Managing Director, MAS. Mr Joseph Yam also paid a courtesy call on Chairman, MAS, Deputy Prime Minister Lee Hsien Loong. They discussed ways to increase bilateral co-operation between the two monetary authorities
- MAS
- Letters to Editor
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- 16 February 2012 The Editor ST Forum I refer to Mr Wong Kam Wah’s letter (“Five cents - MAS could consider stopping circulation”, ST Forum, 15 February 2012). Under the Currency Act, merchants in Singapore have to accept five-cent coins issued by the Monetary Authority of Singapore (MAS) for any payment not exceeding S$2. A merchant who is not able to accept a particular denomination of notes or coins is required to put up written notices on his premises to state so. Anyone who encounters difficulty