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- QUESTION NO 2248 NOTICE PAPER 1440 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 20 October 2022 Name and Constituency of Member of Parliament Miss Rachel Ong, MP, West Coast GRC Question: To ask the Prime Minister (a) in each of the past three years, what is the total amount of money lost by migrant workers to scams; (b) whether the MAS framework for equitable sharing of losses arising from scams includes migrant workers; and (c) whether special consideration will be made for migrant
- MAS
- Circulars
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- MAS will be revising the annual fees for approved exchanges (AE) and approved clearing houses (ACH) with effect from 1 July 2017. Circular No. MPI 01/2017 13 June 2017 The Chief Executive Officers of All Approved Exchanges The Chief Executive Officers of All Approved Clearing Houses Dear Sir REVISION OF ANNUAL FEES FOR APPROVED EXCHANGES AND APPROVED CLEARING HOUSES WITH EFFECT FROM 1 JULY 2017 We wish to inform you that MAS will be revising the annual
- MAS
- Circulars
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- Informs captive insurers of the measures that they should implement to mitigate fraud incidents that involve fraudsters masquerading as captive insurers. 2 Circular No. ID 14/22 31 October 2022 To Chief Executives of Captive Insurers Dear Sir/Madam MITIGATING MEASURES AGAINST FRAUD INCIDENTS THAT INVOLVE FRAUDSTERS MASQUERADING AS CAPTIVE INSURERS The Monetary Authority of Singapore (MAS) has observed an increase in the number of fraud incidents
- MAS
- Media Releases
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- Singapore, 17 June 2019… The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against Mr Paris Michele for dishonest conduct. A former representative of UBS AG, Singapore branch (UBS), he had forged documents and falsified company emails during his employment with UBS. 2 Under the POs, Mr Michele is prohibited from performing any regulated activity under the Securities and Futures Act (SFA) and providing any financial advisory service under the Financial Advisers
- MAS
- Notices
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- Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies. This notice applies to all direct life and composite insurers who offer participating policies. It sets out: • mandatory requirements on notifications to MAS, valuation of units, audit of ILP sub-funds, disclosures, and other operational practices; and • non-mandatory standards on investment guidelines, borrowing limits, valuation errors and compensation
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: CONSUMER CREDIT For Parliamentary Sitting on 25 Apr 2000 Date: For Parliamentary Sitting on 25 Apr 2000 Questions: Q2. To ask the Deputy Prime Minister whether there are signs, anecdotal or actual, of excessive consumer credit, given the recovery in confidence and the advent of online services, and how the Government will act to curb such excess, if necessary. Q3. To ask the Deputy Prime Minister, given the changing nature of the provision
- MAS
- Media Releases
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- Singapore, 9 October 2014… The Monetary Authority of Singapore (MAS) today published a consultation paper on a set of proposals to strengthen Singapore’s real estate investment trust (REIT) market. The proposals will enhance the transparency and corporate governance of the REIT market and improve its attractiveness to issuers and investors. 2 Singapore’s regulatory regime for REITs, established in 1999, provides investors the opportunity to gain exposure to real estate assets while diversifying
- MAS
- Media Releases
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- Singapore, 21 February 2013 … The Monetary Authority of Singapore (MAS) announced today that a new coin series will be issued for circulation by the middle of 2013. 2 The new Singapore Third Series coins will feature five of Singapore’s national icons and landmarks: Merlion, a traditional symbol of Singapore; Port of Singapore, one of the busiest in the world; Changi Airport, one of the best airports in the world; Public Housing, home to more than 80 percent of Singaporeans; and Esplanade, iconic
- MAS
- Media Releases
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- Singapore, 28 January 2015 – the United Kingdom (UK) and Singapore held the inaugural UK-Singapore Financial Dialogue in Singapore today. The Dialogue was chaired by Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), and Mr Charles Roxburgh, Director General (Financial Services) of HM Treasury, and attended by senior officials from MAS, the Ministry of Finance (MOF), HM Treasury, the Financial Conduct Authority and the Prudential Regulation Authority. 2 The
- MAS
- Media Releases
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- Singapore, 3 February 2010...The Monetary Authority of Singapore welcomes the announcement by the three partners of PricewaterhouseCoopers LLP appointed as receivers for the Minibond notes, and HSBC Institutional Trust Services (Singapore) Limited, the trustee for the notes, that distribution of the recovery values of the Minibond notes to investors will be made on 12 February 2010. 2 The earlier settlement entered into between the receivers, the trustee and Lehman Brothers Special Financing