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    • MAS
    • Speeches

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    •   1   Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. OVERVIEW 2  The House has just debated on the Deposit Insurance and Policy Owners’ Protection Schemes Bill (“DI-PPF Bill”), which will, among other things, strengthen protection to policy owners in the event of a failure of an insurer.  In conjunction with the DI-PPF Bill, the Insurance (Amendment) Bill 2011 will amend the Insurance Act (Cap 142) to enhance MAS’ powers in relation to the
    • PDPC
    • Commission's Decisions

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    • A financial penalty of $14,000 was imposed on Nature Society (Singapore) for breaches of the PDPA. First, the organisation failed to put in place reasonable measures to protect personal data on its website database. Second, it did not appoint a data protection officer. Lastly, it did not have written policies and practices necessary to comply with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2011-B7351 In the matter of an investigation under section
    • MAS
    • Media Releases

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    • Singapore, 3 September 2020… The Monetary Authority of Singapore (MAS) today announced measures to enhance the banking system’s access to Singapore dollar (SGD) and US dollar (USD) funding. The new measures will strengthen banking sector resilience, promote more stable SGD and USD funding conditions, and support credit intermediation amid continued economic headwinds from the COVID-19 pandemic. Establishment of the MAS SGD Term Facility 2     A new MAS SGD Term Facility will be introduced to provide
    • MAS
    • Speeches

    Last revised date:

    • 1   Mr Tharman Shanmugaratnam, Senior Minister and Minister-in-charge of the Monetary Authority of Singapore (MAS), today moved the Monetary Authority of Singapore (Amendment) Bill 2021 (Bill) for First Reading in Parliament. BACKGROUND 2   MAS is introducing amendments to the Monetary Authority of Singapore Act (MAS Act) that will empower it to subscribe to Reserves Management Government Securities (RMGS) issued by the Government. RMGS will facilitate the transfer of MAS’ Official Foreign Reserves
    • MAS
    • Enforcement Actions Media Releases

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    • Joint Statement by Attorney-General's Chambers (AGC) Singapore Police Force (SPF) Monetary Authority of Singapore (MAS) Singapore, 28 December 2022... On 28 December 2022, the High Court sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively for, among other things, orchestrating an elaborate scheme to manipulate the shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd between August 2012 and October 2013
    • MAS
    • FAQs

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    • Clarifications on the requirements under section 309B of the Securities and Futures Act. This set of FAQs seeks to clarify the requirements pertaining to the classification of capital markets products. 22 May 2018 FAQs on Classification of Capital Markets Products last revised on 22 May 2018. (43.3 KB) Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) (SFA) CLASSIFICATION OF CAPITAL MARKETS PRODUCTS FREQUENTLY ASKED QUESTIONS Disclaimer: These FAQs are meant to provide
    • MAS
    • Media Releases

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    • Singapore, 7 October 2019…Mr Jimmy Ng Kian Bin (Mr Jimmy Ng) and Mr Erik Ng Song Hann (Mr Erik Ng) were today convicted and sentenced to 16 weeks’ and 4 weeks’ imprisonment respectively for fraud and dishonest conduct in relation to the trading of futures contracts. Their convictions were a result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force. The case was referred to MAS by Singapore Exchange Derivatives
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback Received on Proposed Implementation of the Final Basel III Reforms in Singapore – Operational Risk Capital and Leverage Ratio Requirements (390.3 KB) Response to Feedback Received on Proposed Implementation of the Final Basel III Reforms in Singapore – Credit Risk Capital and Output Floor Requirements (554.9 KB) Response to Feedback Received on Proposed Implementation of the Final Basel III Reforms in Singapore – Market Risk Capital Requirements (306.1
    • MAS
    • Consultations

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    • Sets out the proposed draft provisions on offers of interests in business trusts under Part XIII of the Securities and Futures Act. Response VIEW DOCUMENT Response to Feedback: Consultation Paper on Regulation of Business Trusts II (Offers of Business Trusts) (198.6 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Regulation of Business Trusts II (Offers of Business Trusts) (273 KB) CONSULTATION ON REGULATION OF BUSINESS TRUSTS - MAS' RESPONSE TO FEEDBACK RECEIVED On 10 December 2003
    • MAS
    • Speeches

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    •  Opening Address by Mr Lee Chuan Teck, Executive Director, Financial Markets Strategy Department, Monetary Authority of Singapore , 29 November - 1 December 2005 1   Good morning. It is my pleasure to be here today at the 4th Securitization World Asia conference. I would like to extend a very warm welcome to all of you, especially to our visitors from abroad.  I would also like to congratulate Terrapinn for this large turnout. Asian Markets Development 2   1998 was a water-shed year in Asia because