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- The Monetary Authority of Singapore (MAS) today commenced a public consultation on a new corporate structure for investment funds – the Singapore Variable Capital Company (S-VACC).
- the registrar of S-VACCs, while MAS would oversee the anti-money laundering obligations of S-VACCs 2 . 6 The public consultation will end on 24 April 2017.
- More details can be found on the MAS website . *** 1 An open-ended fund allows investors to redeem their investments at their discretion, while a closed-end fund does not permit investors to do so.
- MAS
- Media Releases
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- Singapore, 24 July 2018…The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, directing them to tighten their customer verification processes.
- MAS will engage financial institutions on their risk assessments and mitigation steps. 6 Mr Tan Yeow Seng, MAS’ Chief Cyber Security Officer said, “MAS will work closely with the financial institutions to ensure that robust cyber defences are in place so that customers can carry out online financial
- often freely given out by members of the public for various purposes, such as when filling out lucky draw coupons or surveys. 4 However, to address any risk that the information stolen from SingHealth may be used by fraudsters to impersonate customers and perform unauthorised financial transactions, MAS
- MAS
- Media Releases
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- MAS and SGX Regco will therefore not allow the re-listing of New Noble to proceed. *****
- Singapore, 6 December 2018… The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX Regco) have decided not to allow Noble Group Limited (NGL) to transfer its listing status to New Noble as part of NGL’s proposed restructuring.
- CAD and MAS are looking into other relevant areas in connection with the preparation and disclosure of NGL’s financial statements, including valuation of commodity contracts and other related assets.
- MAS
- Media Releases
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- To find out whether an entity is regulated by MAS, investors can access the MAS Financial Institutions Directory . Investors can also check MAS’ Investor Alert List , which is a non-exhaustive list of entities that may have been wrongly perceived to be licensed by MAS.
- Singapore, 14 March 2017… The Monetary Authority of Singapore (MAS) today issued a warning to investors on the trading of binary options with unregulated platforms.
- Always assess whether the investment being offered is suitable for you, in light of your investment objectives and personal circumstances. 6 Investors should also check if the entities offering the products are regulated by MAS.
- MAS
- Media Releases
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- Singapore, 29 June 2007...The Monetary Authority of Singapore (MAS) today issued a Notice on an enhanced framework relating to the governance and disclosure of participating (par) life insurance business. 2 The new framework aims to strengthen insurers’ internal governance practices on the management
- It incorporates the recommendations of the Par Fund Review Workgroup (Workgroup), comprising representatives from the insurance industry and MAS, which was formed to review the operations of par business in Singapore. 3 In formulating the new framework, MAS took into consideration the feedback from
- MAS commends LIA for initiating a consumer survey on the proposed point-of-sale disclosure documents, and developing a consumer guide under the MoneySENSE banner to educate consumers on par policies.
- MAS
- Media Releases
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- We look forward to feedback from investors and industry practitioners on the proposals to further strengthen our REIT market.” 6 The MAS consultation paper is available on MAS website and comments should reach MAS by 10 November 2014.
- 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.
- Singapore is now one of the largest REIT markets in Asia. 3 To instill greater investor confidence in the REIT market, MAS has drawn up a range of proposals, taking into account views and suggestions from industry stakeholders. 4 The key proposals are as follows: (a) The REIT manager and its directors
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) published today a consultation paper on measures to strengthen Singapore’s over-the-counter (OTC) derivatives market and to enhance the provision of financial advisory services.
- MAS also proposes to introduce a set of risk mitigation requirements for intermediaries that deal in non-centrally cleared OTC derivatives.
- MAS invites interested parties to submit their comments to cmi-reply@mas.gov.sg by 3 July 2015. *** Note to Editor MAS issued a consultation paper “Proposed Amendments to the SFA” on 11 February 2015 which proposed legislative amendments to the Securities and Futures Act to effect reforms to the regulation
- MAS
- Parliamentary Replies
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- More recent measures taken to strengthen our regime include (i) criminalizing the laundering of serious tax offences; (ii) enhancing MAS’ Notices and Guidelines in line with evolving international standards; and (iii) stepping up inspections of financial institutions. 4 MAS will not hesitate to take
- MAS will consolidate supervisory responsibilities relating to money laundering and other illicit financing risks in a dedicated department.
- MAS will also have a new enforcement department that will work closely with Commercial Affairs Department (CAD) to investigate money laundering and other financial market offences. ***
- MAS
- Media Releases
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- Singapore, 11 April 2012, The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Lau Kee Swan for contravening section 201(b) of the Securities and Futures Act (SFA), which prohibits the employment of manipulative and deceptive devices in connection with the
- Mr Lau has cooperated fully with MAS in the course of the investigations. 4 Mr Lee Chuan Teck, Assistant Managing Director for Capital Markets, MAS, said: "Account holders should not allow their accounts to be operated for the benefit of third parties, while giving the brokerage house the false impression
- (iii) In determining the quantum of civil penalties to seek in such actions, MAS takes into consideration all facts and circumstances relating to the contravention and the contravening person.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations for central clearing of over-the-counter (OTC) derivative contracts.
- With the US and EU recognitions in place, SGX is able to support the clearing of OTC derivatives among US, EU and other market participants in Singapore who may be subject to the MAS mandatory clearing regime. ***
- Such entities will have a choice to clear through domestic or foreign Central Counterparties (CCPs), as long as they are regulated by MAS. 3 Central clearing is a key component of broader reforms to make the trading of OTC derivatives safer.