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    • PDPC
    • Public Consultations

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    • Public Consultation on Review of The Personal Data Protection Act 2012 – Proposed Data Portability and Data Innovation Provisions (Issued 22 May 2019) Dear Sir/Mdm We wish to submit our comments for the Public Consultation on Review of The Personal Data Protection Act 2012 – Proposed Data Portability and Data Innovation Provisions (Issued 22 May 2019) Company: NTUC Income Co-operative Ltd -------- Public Consultation on Review of The Personal Data Protection
    • MAS
    • Media Releases

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    • Singapore, 16 February 2017… The Monetary Authority of Singapore (MAS) has successfully obtained civil penalties of $100,000 each against Chionh Teow Hie John (Chionh) and Kiew Yoon Seng (Kiew) for contraventions under the Securities and Futures Act (SFA). False Trading 2   Between June 2008 and November 2009, Chionh and Kiew engaged in false trading in the shares of Keda Communications Limited (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd
    • MAS
    • Speeches

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    • 1 Madam Speaker, I beg to move, "That the Bill be now read a second time". INTRODUCTION 2   In 2012, the Monetary Authority of Singapore (“MAS”) launched the Financial Advisory Industry Review (“FAIR”).  A panel chaired by MAS was set up to explore ways to enhance the professional standing and competence of the financial advisory industry and to create a more competitive and efficient market for the distribution of life insurance policies and investment products.  The panel, which includes representatives
    • 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
    • MAS
    • Media Releases

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    • Singapore, 12 July 2021… The Monetary Authority of Singapore (MAS) today announced the launch of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles. The Veritas framework was highlighted by Mr Heng Swee Keat, Deputy Prime Minister of Singapore, in his speech laying out Singapore’s National AI Strategy at SFF x SWITCH in 2019. Challenge. The competition seeks to accelerate the development of solutions
    • 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

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    • 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