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- MAS
- Media Releases
Last revised date:
- In total, MAS issued 13% fewer brand new notes. 2 Mrs Foo-Yap Siew Hong, Assistant Managing Director, MAS, said, “This is the first year MAS has embarked on this initiative and we are very encouraged by the public response.
- The Monetary Authority of Singapore (MAS) announced that the Go Green “good-as-new” notes initiative this Lunar New Year has been a success: 11% of the $2 notes issued in the run-up to the Lunar New Year comprised “good-as-new” notes.
- Most importantly, MAS would like to thank the public for using the “good-as-new” $2 notes instead of brand new notes for “hong bao” during the Lunar New Year. *****
- MAS
- Media Releases
Last revised date:
- Singapore, 26 October 2007...The Monetary Authority of Singapore (MAS) has released a consultation paper on the draft notices to effect proposed changes to the Minimum Liquid Assets and Minimum Cash Balances requirements for banks. 2 In 2006 MAS consulted the industry on several proposed enhancements
- Respondents should forward their comments to MAS by 26 November 2007. ***
- The revised framework will be implemented via two MAS Notices – Notice 613 on Minimum Liquid Assets and Notice 758 on Minimum Cash Balances. 4 MAS invites interested parties to provide feedback on the two draft Notices, which are available on the MAS website [Click here to view the consultation paper
- MAS
- Media Releases
Last revised date:
- MAS considers this appropriate given their access to the retail market. 3 MAS has received feedback that there is some commercial interest to incorporate wholesale bank subsidiaries in Singapore.
- Singapore, 7 November 2007…The Monetary Authority of Singapore (MAS) has released a consultation paper on the proposed minimum paid-up capital requirement for locally incorporated wholesale banks. 2 Locally incorporated banks have tended to be Singapore-based, engaging in a full range of banking
- They are also expected to comply with all regulatory requirements for locally incorporated banks under the Banking Act. 5 Interested parties should forward their comments on the proposals in the consultation paper to MAS by 7 December 2007. The consultation paper is available on the MAS website.
- MAS
- Notices
Last revised date:
- [MAS Notice 106 (Amendment) 2021] 9AAC.
- [MAS Notice 106 (Amendment) 2021] 3. 4.
- [MAS Notice 106 (Amendment) 2021] Compliance with Guidelines 15.
- MAS
- Parliamentary Replies
Last revised date:
- These are financial activities that falls under MAS’ regulatory ambit. Hence, on 1 August 2017, MAS clarified that if a token is structured in the form of securities, the ICO must comply with existing securities laws aimed at safeguarding investors’ interest.
- MAS does not and cannot regulate all products that people put their money in thinking that they will appreciate in value.
- MAS is working on a new payment services regulatory framework that will address these risks. 6. A second example is fund-raising.
- MAS
- Media Releases
Last revised date:
- Details are set out in MAS’ response to the industry feedback .
- Singapore, 24 April 2015...The Monetary Authority of Singapore (MAS) today issued revised Notices to financial institutions (FIs) on anti-money laundering (AML) and countering the financing of terrorism (CFT). 2 The revisions are benchmarked against international best practices and the latest recommendations
- MAS has also updated the Guidelines to the AML/CFT Notices to provide additional supervisory guidance. 5 Mr Ong Chong Tee, Deputy Managing Director, MAS, said, “Singapore is committed to the global effort to combat transnational crime. The financial sector is an important stakeholder.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Building a strong pipeline of local talent is a key priority for the Monetary Authority of Singapore (MAS), and critical to our desire to develop a world class workforce for the financial services sector.
- MAS, IBF, and the financial industry are working together to prepare our workforce with the skills for these jobs.
- For example, in the equities market, NTUC, e2i, MAS, IBF, and the Society of Remisiers, have organised workshops for remisiers on future skills, jobs in demand, and career profiling assessments.
- MAS
- Media Releases
Last revised date:
- Singapore, 8 December 2020… The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana.
- Proxtera, a new private entity supported by MAS and IMDA, will help to operationalise BSB and the FTC.
- MAS and BOG will also work on a complementary Financial Trust Corridor (FTC) initiative to engender greater trust, trade and recognition between both countries’ businesses and financial institutions.
- MAS
- Guidelines
Last revised date:
- Authority of Singapore (MAS) pursuant to section 321(1)(c) of the SFA.
- consultation papers5 on the Common Investor, it is MAS view that the interpretation of the Common Investor by the Court does not comport with market realities.
- Section 216 of the SFA 3.12 MAS recognises that different classes of Common Investors may react differently to the same piece of information, depending on their level of knowledge and ability.
- MAS
- FAQs
Last revised date:
- The list of LTRs and LFTRs can be found on the MAS Financial Institutions Directory. These FAQs are to aid implementation of the reporting obligations and elaborate on MAS intent for some of the requirements set out under the SF(RDC)R.
- of Derivatives Contracts) Regulations 2013 Form 1A is available on MAS website at this link.
- A1.2A: There is no requirement for an entity to validate with MAS its reliance on the exemption under Regulation 10A or 10C of the SF(RDC)R. However, if and when requested by MAS, the entity is required to demonstrate that it meets the criteria for the exemption.