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- MAS
- Media Releases
Last revised date:
- Singapore, 14 February 2017… The Monetary Authority of Singapore (MAS) announced today regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards 2. Finance companies fill a useful niche in SME financing, complementing the role of banks. They often provide more personalised and customised solutions for smaller-sized businesses
- MAS
- Media Releases
Last revised date:
- Singapore, 14 October 2015… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act (SFA). 2 Mr Rajiv was a Managing Director at UBS AG, Indonesian Branch, and was the Head of its Investment Banking operations when the contravention occurred. On 30 March 2012, Mr Rajiv, who resides in Indonesia, bought one million Danamon shares through his wife’s
- MAS
- Media Releases
Last revised date:
- Singapore, 11 May 2015…The Monetary Authority of Singapore (MAS) today released more information on how investors can buy and redeem Singapore Savings Bonds. MAS expects the first Savings Bond to be issued in the second half of 2015. MAS will announce the programme launch date at least one month before applications for the first issuance open. 2 Savings Bonds are a new type of Singapore Government Securities (SGS) designed to offer individuals a long-term, flexible savings option with safe returns
- MAS
- Media Releases
Last revised date:
- Singapore, 3 October 2013… The Monetary Authority of Singapore (MAS) has obtained a default judgment for $100,000 against Mr Ong Beng Hock for contravening sections 197 and 198 of the Securities and Futures Act (SFA), which prohibit false trading and market manipulation respectively. 2 On 29 December 2006 and 26 April 2007, Mr Ong executed a total of 12 wash trades in two of his trading accounts. These were purchases and sales of shares of Ipco International Ltd and Goldtron Ltd which did not involve
- SSO
- Legislation
Last revised date:
- Procedure for giving of directions and imposing of financial penalty 48K. —(1) Before giving any direction under section 48I or imposing a financial penalty under section 48J(1), the Commission must give written notice to the organisation or person concerned — ( a ) stating that the Commission intends to take action against the organisation or person under section 48I or 48J(1), as the case may be; ( b ) where the Commission intends to give any direction under section 48I, specifying the direction
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 25 April 2022… The Monetary Authority of Singapore (MAS) has imposed civil penalties on, and issued prohibition orders (POs) against two former trading representatives, Ms Ngin Kim Choo and Mr Yeo Jin Lui, for false trading. Both executed a client’s instructions to purchase KS Energy Ltd (KSE) shares for the purpose of creating a false or misleading appearance with respect to the price of KSE shares. 2 Ms Ngin and Mr Yeo, who were trading representatives employed by CIMB Securities (Singapore
- MAS
- Enforcement Actions Media Releases
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- Singapore, 15 July 2022… Ms Lee Ying Hui (Lee) was today convicted and fined $20,000 for carrying out fund management business without a capital markets services licence. 2. Ms Lee pleaded guilty to the charge under section 82 of the Securities and Futures Act (SFA). Between December 2017 and June 2022, Ms Lee made arrangements with six investors to trade on their behalf in their personal trading accounts. The trades conducted by Ms Lee were in leveraged foreign exchange and futures contracts. The
- PDPC
- Commission's Decisions
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- Carousell was found not in breach of the PDPA in relation to incidents where threat actor accessed Carousell users' accounts due to credential stuffing. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2105-B8350 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Carousell Pte. Ltd. SUMMARY OF THE DECISION 1. On 14 May 2021, Carousell Pte. Ltd. (the Organisation) informed the Personal Data Protection
- MAS
- Guidelines
Last revised date:
- Guidelines on the scope of regulation and exemption under the Trust Companies Act. 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. Procedural and non-discretionary trust administrative services. The Monetary Authority of Singapore TRUST COMPANIES ACT (ACT 11 OF 2005) GUIDELINES ON SCOPE
- MAS
- Media Releases
Last revised date:
- Singapore, 7 October 2022... Singapore today published a five-pronged strategy to prevent, detect, investigate, and enforce against terrorism financing (TF). The National Strategy for Countering the Financing of Terrorism (CFT) provides a roadmap for the development of future action plans to combat TF. 2. The National CFT Strategy was formulated based on findings from a holistic assessment of TF risks conducted in 2020. Singapore’s key TF threats are posed by regional and international terrorist