Showing 5563 Documents for "MAS"
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- MAS
- Guidelines
Last revised date:
- The Monetary Authority of Singapore (MAS) will be guided by these Guidelines in considering whether a person is engaging in regulated activity under the Act, and whether the activities of a relevant exempt person under Section 15 of the Act are procedural and non-discretionary.
- the Act, Trust Companies Regulations 2005 (the Regulations) as well as written directions, notices, codes and other guidelines that MAS may issue from time to time. Definitions 4.
- These guidelines set out the scope of trust business activities and provides examples of what MAS considers to be: Creation of an express trust, or arranging for any person to act as a trustee. Providing trust administration services for an express trust.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) announced that Mr Lim Hng Kiang, Special Advisor, Ministry of Trade and Industry, has been re-appointed as member and Deputy Chairman of the MAS Board, for a further term of three years. 2.
- Mr Ong Ye Kung, Minister for Education, has been re-appointed as member of the MAS Board for a further term of three years. 3. Mr Ravi Menon has been re-appointed as a member of the MAS Board and as Managing Director of MAS, for a further term of two years. 4.
- The members of the MAS Board are listed in the Annex. Key Resources Annex (396.4 KB)
- MAS
- Guidance
Last revised date:
- This guidance paper sets out MAS’ supervisory expectations of effective AML/CFT controls in the private banking industry, and includes illustrative examples taken from MAS’ inspections.
- Note: This paper sets out MAS supervisory expectations of effective AML/CFT controls in the private banking Industry. The paper does not impose new regulatory obligations, and is derived from MAS inspection findings.
- Sets out MAS’ supervisory expectations of effective AML/CFT controls in the private banking industry. The paper follows from a series of thematic inspections on private banks (“PBs”), and supplements the MAS’ Guidance on Private Banking Controls issued in 2014.
- MAS
- Macroeconomic Reviews
Last revised date:
- Professor Seru visited MAS in December 2019 as the MAS-NUS Term Professor in Economics and Finance.
- MAS also established a new USD Facility to provide up to US$60 billion of funding, drawing on the swap line between MAS and the US Federal Reserve.
- Nonetheless, enabled by MAS stock of official foreign reserves, MAS stepped up its provision of US dollar liquidity to the banking system. In particular, MAS increased the volume of foreign exchange swaps transacted at its daily MMO.
- MAS
- Notices
Last revised date:
- Amendment Notes 01 Jul 2021 MAS Notice 643 (Amendment) 2021 (285.9 KB) takes effect. 01 Jul 2021 MAS Notice 643 dated 12 Dec 2019 takes effect. 01 Oct 2020 MAS Notice 643 (Amendment) 2020 (294.9 KB) takes effect. 12 Dec 2019 MAS Notice 643 dated 12 Dec 2019 is issued. 12 Dec 2019 MAS Notice 643 dated
- 21 Nov 2016 (416.9 KB) is cancelled. 21 Nov 2018 MAS Notice 643 dated 21 Nov 2016 (416.9 KB) is issued. 21 Nov 2018 MAS Notice 643 dated 02 Apr 2013 (last revised on 30 June 2014) (159.2 KB) is cancelled. 30 Jun 2014 MAS Notice 643 (Amendment) 2014 (76.9 KB) takes effect. 02 Apr 2013 MAS Notice 643
- MAS Notice 643 dated 21 November 2016 is cancelled with effect from 12 December 2019 3. MAS Notice 643 dated 12 December 2019 takes effect from 1 October 2020 4. MAS Notice 643 (Amendment) 2020 takes effect from 1 October 2020 5.
- MAS
- Speeches
Last revised date:
- Interestingly enough, there was feedback following my earlier speech that the MAS was pro-insurer and pro-agency with the message to discourage life insurance agents from becoming licensed FA. Let me reiterate that the MAS is impartial to any distribution channel.
- It is available on the MAS website. The speech noted observations that MAS had made over the last 20 months as an administrator of the Insurance Intermediaries Act. I had gone through an analysis; I called it a Reality check and gave some considerations for the Next Steps.
- This would result in loss of public confidence that could undermine the MAS?s role to safeguard policyholders' interest. 6.
- MAS
- Speeches
Last revised date:
- Similarly, MAS had an eventful schedule for the asset management industry.
- In the medium to long term, MAS’ proposed guidance on liquidity risk management will help fund managers stay the course.
- Technology Risk Management 22 Other than the themes of culture and corporate governance, cyber security remains an important area of focus for MAS. The ASEAN digital economy is booming.
- MAS
- Speeches
Last revised date:
- Like any other regulator, the MAS try to get this balance right. 16 MAS' aim is to maintain a supervisory framework that is robust and responsive, one that cultivates a safe and sound financial system, and at the same time, encourages the growth of the financial sector.
- MAS recognizes the value of netting arrangements in reducing transaction costs and its risk mitigating effects, such as during default scenarios. MAS recently issued a consultation paper regarding the recognition of bilateral netting for the purposes of determining regulatory capital.
- We also try to make our rules more principles-based in order to give financial institutions room to innovate while at the same time having the assurance of consistent regulatory treatment. 17 As part of MAS' ongoing review of industry practices and in response to industry requests, MAS continually
- MAS
- Media Releases
Last revised date:
- The explanatory brief on the VCC Bill can be found on the MAS website at this link . 5 MAS thanks all respondents for their feedback. The response to the feedback received can be found on the MAS website at this link .
- a Fund Manager, regulated by the Monetary Authority of Singapore (MAS). a Custodian of assets. This is required for funds offered to certain types of investors (e.g. retail investors).
- Singapore, 10 September 2018… The Monetary Authority of Singapore (MAS) has finalised the features of the new corporate structure for investment funds, the Variable Capital Company (VCC) Formerly known as the Singapore Variable Capital Company or S-VACC. .
- MAS
- Media Releases
Last revised date:
- To include new powers for MAS in emergency situations, and to expand MAS' existing powers in accessing information. 3 MAS will take into consideration comments received for this consultation and the subsequent consultations in preparing the relevant Amendment Bills. 4 Interested parties should forward
- Singapore, 25 September 2006...The Monetary Authority of Singapore (MAS) released a consultation paper that sets out two proposals in relation to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA).
- The consultation paper is posted on the MAS website, www.mas.gov.sg . (Please click here to view the consultation paper (89.4 KB) ). ***