Showing 4218 Documents for "DPT service"
Filter by
Sort by
- SSO
- Legislation
Last revised date:
- Enforcement of directions of or written notices by Commission in District Court 48M. —(1) For the purposes of enforcing a direction or written notice mentioned in subsection (2) — ( a ) the Commission may apply for the direction or written notice (as the case may be) to be registered in a District Court in accordance with the Rules of Court; and ( b ) the District Court is to register the direction or written notice in accordance with the Rules of Court. (2) Subsection (1) applies to any of the
- MAS
- Letters to Editor
Last revised date:
- We thank Mr Benjamin Cher for his commentary, “Time for Singapore to regulate buy now, pay later schemes” (The Business Times, 6 June 2023). Mr Cher suggested that buy now, pay later (BNPL) schemes should be regulated much the same as other credit products in Singapore. 2. The Monetary Authority of Singapore (MAS) shares Mr Cher’s concern that BNPL schemes could lead to excessive consumer borrowing. This is why we have worked with the BNPL industry to codify a set of explicit requirements to safeguard
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 April 2021... The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS. 2 Between March 2014 to September 2018, BJS committed serious breaches of MAS’
- MAS
- Media Releases
Last revised date:
- Singapore, 1 October 2015... The Monetary Authority of Singapore (MAS) issued for consultation today proposals to implement margin requirements for non-centrally cleared over-the-counter (OTC) derivative trades (uncleared derivatives). Margin requirements reduce counterparty credit risks from uncleared derivatives and form part of the broader global reforms to make the trading of OTC derivatives safer. 2 MAS proposes to impose margin requirements on all OTC derivatives that are not cleared by a
- MAS
- Circulars
Last revised date:
- Outlines MAS’ policy review of MAS Notice 757 in May 2004. RMD A4 Vol 7 (RMD Circular No. 25/04) 28 May 2004 DID 65 62299150 Fax 65 62299491 Email rmd@mas.gov.sg To : All Banks in Singapore Dear Sir/Madam MAS NOTICE 757 - LENDING OF SINGAPORE DOLLAR TO NON-RESIDENT FINANCIAL INSTITUTIONS Since 1998, MAS has progressively liberalised our policy on the non-internationalisation of the Singapore Dollar ("S$") to facilitate the development of Singapore's capital markets. Following the last revision
- MAS
- Explainers
Last revised date:
- Financial institutions are not allowed to grant further unsecured credit to an individual whose unsecured borrowings exceed the prevailing borrowing limit for 3 consecutive months. Borrowing Limit on Unsecured Credit To help individuals to avoid taking on too much debt, MAS introduced limits on the aggregate amount of unsecured credit a borrower can receive across all financial institutions. The limit is determined by comparing a borrower’s aggregate outstanding interest-bearing unsecured debt to
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Domestic Non-Performing Loans For Parliament Sitting on 04 Sep 98 Question: To ask the Deputy Prime Minister whether there has been an increase in domestic non-performing loans as a result of the economic downturn, with regard to (i) absolute magnitude; (ii) magnitude as a percentage of total domestic loans; and (iii) the number of such loans. Answer: As at 30 Jun 98, the total domestic non-performing loans (NPLs) of the 6 local banking
- MAS
- Speeches
Last revised date:
- 1 Madam Speaker, I beg to move, "That the Bill be now read a second time". 2 The House has just debated the Financial Advisers (Amendment) Bill 2015. The changes proposed in the Insurance (Amendment) Bill 2015 are to complement the changes proposed in the Financial Advisers (Amendment) Bill 2015. 3 The Monetary Authority of Singapore (“MAS”) has consulted the industry and the public on the proposals, and incorporated the feedback received into the Bill where appropriate. REGULATING THE PAYMENT
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1563 NOTICE PAPER 420 OF 2013 FOR WRITTEN ANSWER Date: For Parliament Sitting on 21 OCTOBER 2013 Name and Constituency of Member of Parliament Mr Yee Jenn Jong, NCMP Question: To ask the Prime Minister (a) whether MAS's Annual SME Financing Survey 2013 has been completed; (b) if so, what are the findings as to the trend of accessibility of bank loans for SMEs; (c) whether there are MAS rules requiring a mandatory project track record period or other requirements with regard to bank loans
- MAS
- Circulars
Last revised date:
- MAS decision to defer implementation of the margin requirements for uncleared derivatives in view of changes in the implementation schedules of other major markets. Circular No. MPI 01/2016 22 August 2016 To: All Persons who are exempt from holding a capital markets services licence under section 99(1)(a) or (b) of the Securities and Futures Act Dear Sir / Madam MARGIN REQUIREMENTS FOR NON-CENTRALLY CLEARED DERIVATIVES On 1 October 2015, the Monetary Authority