Showing 5563 Documents for "MAS"
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- MAS
- Enforcement Actions
Last revised date:
- 6 Pu and Triumpus have admitted to contravening sections 218(2)(a) and 219(2)(a) of the SFA, and will pay to MAS a civil penalty of S$316,000, as well as S$61,610.75 for the legal costs and disbursements incurred by MAS for the civil penalty action.
- Singapore, 3 May 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Pu Weidong (Pu) and Triumpus Assets Management Pte Ltd (Triumpus) for insider trading in the shares of Sinomem Technology Ltd (Sinomem). 2 Pu was the Chief Financial Officer in Sinomem when the contraventions
- (iii) Notwithstanding the above, MAS may also enter into agreements with any person for that person to pay, with or without admission of liability, a civil penalty for a contravention of any provision of Part XII of the SFA.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Lawrence Wong, Acting Minister for Culture, Community and Youth on behalf of Deputy Prime Minister and Minister in Charge of MAS: 1 As MAS had explained in its press statements, and as I elaborated during the COS last month, the restrictions on car loans were introduced for two reasons
- To ask the Prime Minister when will MAS review its car loan policy to ensure that Singaporeans will have reasonable opportunities to purchase a car with adequate financing. Q 1087.
- So MAS will not be extending the concession beyond the two-month period. 5 The two-month relaxation of the rules will in fact provide a good window for the used car industry to clear much of its previous inventory.
- MAS
- Parliamentary Replies
Last revised date:
- Mr Lim Biow Chuan has asked if the Monetary Authority of Singapore (MAS) will consider regulations to limit the liability of credit card holders whose credit cards were lost or stolen, and where unauthorised transactions were made on these credit cards. 2.
- MAS welcomes the steps taken by ABS and its member banks to implement these new measures through the ABS Code of Consumer Banking Practice.
- At this time, MAS does not consider there is a need to implement regulations in this area. 6. It is inevitable that there will be instances of credit card fraud.
- MAS
- Media Releases
Last revised date:
- . 6 Pu and Triumpus have admitted to contravening sections 218(2)(a) and 219(2)(a) of the SFA, and will pay to MAS a civil penalty of S$316,000, as well as S$61,610.75 for the legal costs and disbursements incurred by MAS for the civil penalty action.
- Singapore, 3 May 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Pu Weidong (Pu) and Triumpus Assets Management Pte Ltd (Triumpus) for insider trading in the shares of Sinomem Technology Ltd (Sinomem). 2 Pu was the Chief Financial Officer in Sinomem when the contraventions
- (iii) Notwithstanding the above, MAS may also enter into agreements with any person for that person to pay, with or without admission of liability, a civil penalty for a contravention of any provision of Part XII of the SFA.
- MAS
- Exemptions
Last revised date:
- MAS granted an exemption to an Approved Clearing House (ACH).
- MAS granted three exemptions to an entity regulated both as an Approved Exchange and an Approved Holding Company.
- MAS granted two exemptions to an entity regulated both as an AHC and an AE, from regulation 6(b) of the SF(CG)R.
- MAS
- Media Releases
Last revised date:
- Singapore, 23 February 2021… In response to media queries, the Monetary Authority of Singapore (MAS) said today that its regular surveillance of the banking system has not found significant funds from Myanmar companies and individuals in banks in Singapore.
- MAS expects financial institutions to remain vigilant to any transactions that could pose risks to the institution, including dealings with companies and individuals subject to financial sanctions by foreign jurisdictions. 2 MAS also expects financial institutions in Singapore, as always, to comply
- with MAS regulations that implement United Nations Security Council resolutions, and guard against fund flows that could be related to illicit activities.
- MAS
- Media Releases
Last revised date:
- Singapore, 23 February 2021… In response to media queries, the Monetary Authority of Singapore (MAS) said today that its regular surveillance of the banking system has not found significant funds from Myanmar companies and individuals in banks in Singapore.
- MAS expects financial institutions to remain vigilant to any transactions that could pose risks to the institution, including dealings with companies and individuals subject to financial sanctions by foreign jurisdictions. 2 MAS also expects financial institutions in Singapore, as always, to comply
- with MAS regulations that implement United Nations Security Council resolutions, and guard against fund flows that could be related to illicit activities.
- MAS
- Media Releases
Last revised date:
- Mr Shanmugaratnam will remain a member of the MAS' Board. 2 Mr Lim was first appointed to the MAS' Board on 1 May 1998. He assumed the post of Deputy Chairman, MAS on 1 January 2001 while he was also Second Minister for Finance.
- Mr Lim Hng Kiang, Minister for Trade and Industry, has been appointed Deputy Chairman of the Monetary Authority of Singapore (MAS) with effect from 1 June 2006. Mr Lim's appointment will be for two years.
- He relinquished the posts of Second Minister for Finance and Deputy Chairman, MAS on 20 August 2004 when he was appointed Minister for Trade and Industry. ***
- MAS
- Media Releases
Last revised date:
- MAS thanks Professor Woon for his contributions. 4 The members of the MAS Board of Directors are listed in the Annex (47.1 KB) . ***
- Singapore, 31 May 2010...The Monetary Authority of Singapore (MAS) announced that Mr Lim Hng Kiang, Minister for Trade and Industry, has been re-appointed as MAS' Deputy Chairman for a further period of two years with effect from 1 June 2010. 2 Mr Teo Ming Kian, Permanent Secretary (National
- Research and Development), Prime Minister’s Office, has also been re-appointed to the Board of Directors of MAS for a further period of two years with effect from 1 June 2010. 3 Professor Walter Woon, Dean, Singapore Institute of Legal Education, will step down from the Board with effect from 1 June
- MAS
- Media Releases
Last revised date:
- to MAS. 4 MAS cautions that the trustee and receivers have highlighted that it may not be possible for any resolution to be reached within a short span of time.
- Singapore, 4 December 2008...MAS has appointed Mr Davinder Singh, Senior Counsel and CEO, Drew & Napier, to advise MAS on the implications of the legal issues raised by the lawyers acting in the Chapter 11 proceedings for Lehman Brothers in the United States. 2 This appointment is in addition and
- Nevertheless, MAS expects the trustee and receivers to pursue all appropriate avenues to protect noteholders' interests. * * *