Showing 590 Documents for "CMS"
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- MAS
- Consultations
Last revised date:
- InvestaX currently holds a capital markets services license (CMSL) for dealing in securities issued by the MAS, and has submitted an application for the RMO sandbox which is pending approval.
- In the situation where an entity holds both an RMO and CMSL, would we be required to keep the higher of the two capital for capital requirements or a consolidated amount requirements under both CMSL and RMO licence?
- Even under the Securities and Futures (Financial and Margin Requirements for Holders of Capital Market Services Licences) Regulations there is no requirement for a CMSL holder to do calculation of financial resources on a daily basis, is Monetary Authority of Singapore
- MAS
- Consultations
Last revised date:
- (3) It shall not be necessary to publish any exemption granted under subsection (2) in the Gazette. -------- HOLDERS OF CAPITAL MARKETS SERVICES LICENCE AND REPRESENTATIVES Division 1 Capital Markets Services Licence PART IV [] Grant of capital markets services licence 86.(1) A corporation
- may make an application for a capital markets services licence to carry on business in one or more regulated activities
- retail commodity OTC derivatives contracts), this entity will need to apply for a CMS licence from MAS. 2.5.4 MAS would also like to clarify that the revised classification of regulated activities will not affect the scope of regulated activities currently carried out by CMS licensees
- MAS
- Consultations
Last revised date:
- markets services licence (CMSL) 2.1 MAS proposed amendments to Sections 95 and 99M to extend the grounds for revoking a CMSL to situations where it appears to MAS that the CMSL holder has failed to act in the best interests of its clients. 2.2 One respondent commented that, in
- the interests of clarity, situations where the CMSL holder has acted in good faith should be explicitly excluded.
- markets services licence; holder of a capital markets services licence or a representative of such a holder
- MAS
- Enforcement Actions
Last revised date:
- While at UOB, he had set up a company to invest in shares and foreign-exchange on behalf of other investors, without holding a Capital Markets Services licence, and later left UOB to manage his company full time.
- Mr Lee is also prohibited from taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under the SFA and any financial advisory firm under the FAA. 3 Mr Lee was a representative of CIMB Bank Berhad, Singapore (CIMB) from September
- Background information Section 82(1) of the Securities and Futures Act (Cap 289) Subject to subsection (2) and section 99, no person shall, whether as principal or agent, carry on business in any regulated activity or hold himself out as carrying on such business unless he is the holder of a capital
- MAS
- Media Releases
Last revised date:
- While at UOB, he had set up a company to invest in shares and foreign-exchange on behalf of other investors, without holding a Capital Markets Services licence, and later left UOB to manage his company full time.
- Mr Lee is also prohibited from taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under the SFA and any financial advisory firm under the FAA. 3 Mr Lee was a representative of CIMB Bank Berhad, Singapore (CIMB) from September
- Background information Section 82(1) of the Securities and Futures Act (Cap 289) Subject to subsection (2) and section 99, no person shall, whether as principal or agent, carry on business in any regulated activity or hold himself out as carrying on such business unless he is the holder of a capital
- MAS
- Forms and Templates
Last revised date:
- SECURITIES AND FUTURES ACT (Cap. 289) SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS (Rg 10) RISK DISCLOSURE STATEMENT REQUIRED TO BE FURNISHED UNDER REGULATION 47E(2) AND TO BE KEPT UNDER REGULATION 39(2)(d) BY THE HOLDER OF A CAPITAL MARKETS SERVICES LICENCE FOR FUND
- (c) The placement of contingent orders by you or the holder of a capital markets services licence authorised by you, such as a stop-loss or stop- limit order, will not necessarily limit your losses to the intended amounts, since market conditions may make it difficult or impossible to
- else to trade for you, you should be aware of the following: (a) If you purchase or sell these futures, options, OTCD currency contracts or Spot LFX trading contracts, you may sustain a total loss of the initial margin funds and any additional funds that you deposit with the holder of a capital
- MAS
- Consultations
Last revised date:
- markets services (CMS) licence, as well as banks, merchant banks and finance companies exempt from holding a CMS licence (collectively referred to as corporate finance advisers or CF advisers) that undertake the regulated activity of advising on CF. 1.2 The consultation period closed on 15 February
- Where licensing is required, the entities will consequently be required to comply with the Notice upon grant of the CMS licence. As a CMS licence holder, the CF adviser will have to comply with relevant requirements in the Notice when advising on transactions whether in Singapore or overseas.
- Introduction The draft notice on due diligence requirements for corporate finance advisers (Notice) is applicable to holders of a capital markets services licence to advise on corporate finance and persons exempt from holding a capital markets services licence under section
- MAS
- Consultations
Last revised date:
- Comments that are of wider interest, together with MAS responses are set out in this paper. 2 Applicability of the Guidelines 2.1 On 26 April 2018, MAS proposed to apply the Guidelines to banks, merchant banks, licensees, finance companies, approved insurers, capital markets
- FIs should exercise discretion in determining the personnel to include in the total headcount based on the general principle. 7 For an FI that is a holder of a capital markets services licence under section 82(1) of the Securities and Futures Act or a financial adviser licensed under section
- operating in Singapore under a foreign insurer scheme established under the IA; (vi) an approved exchange under the Securities and Futures Act (Cap. 289) (SFA); (vii) an approved clearing house under the SFA; (viii) an approved holding company under the SFA;2 (ix) a holder of a capital
- MAS
- Media Releases
Last revised date:
- Markets Services (CMS) licence will be issued to intermediaries for the various regulated activities they engage in.
- The amount of licence fees payable by a corporate licensee will therefore correspond to the types of regulated activities it undertakes. 11 A representative of a CMS licence holder will pay a flat annual licence fee, regardless of the number of regulated activities the representative is permitted to
- activities it carries out, and the licence fee for each regulated activity takes into account the supervisory efforts required of MAS. 9 The new fee structure under the SFA and FAA has been formulated to be consistent with the licensing frameworks under the respective Acts. 10 Under the SFA, a single Capital
- MAS
- Forms and Templates
Last revised date:
- Form for potential acquirers to seek MAS' approval for obtaining effective control of capital markets services licensees. This form should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx .
- SECURITIES AND FUTURES ACT (Cap. 289) APPLICATION FOR APPROVAL TO OBTAIN EFFECTIVE CONTROL OF A HOLDER OF A CAPITAL MARKETS SERVICES LICENCE UNDER SECTION 97A(2) OF THE SECURITIES AND FUTURES ACT FINANCIAL ADVISERS ACT (Cap. 110) APPLICATION FOR APPROVAL TO OBTAIN EFFECTIVE CONTROL OF A LICENSED
- , Registration and Conduct of Business for Fund Management Companies (SFA04-G05) Guidelines to All Key Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management (SFA04-G07) Guidelines on Criteria for the Grant of a Financial Advisers Licence (FAA-G01).