Showing 4218 Documents for "DPT service"
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- MAS
- Media Releases
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- All will come into effect on 31 Dec 1999 Singapore, 28 December 1999... MAS today announced the introduction of the Insurance Intermediaries Act which will come into effect on 31 Dec 1999. At the same time, the Authority also issued the Insurance Intermediaries Regulations 1999 and Insurance (Amendment) Regulations 1999. Both regulations will take effect from 31 December 1999. 2 Passed in August 1999, the Insurance Intermediaries Act aims to promote greater professionalism in the insurance industry
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 15 March 2021… Mr Wong Leon Keat (Mr Wong) was sentenced on 12 March 2021 to a total of eight weeks’ imprisonment Mr Wong filed a notice of appeal against the imprisonment sentences on 12 March 2021. and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited (Gaylin). He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and
- MAS
- Media Releases
Last revised date:
- Singapore, 14 November 2013…The Monetary Authority of Singapore (MAS) announced today that an assessment under the International Monetary Fund (IMF)’s Financial Sector Assessment Programme (FSAP) 1 has found Singapore’s financial sector to be well-regulated and highly developed. 2 The assessment by the IMF affirms Singapore’s standing as a sound and stable financial centre. Some highlights in the report 2 include: Singapore presents a very high level of compliance with international standards for
- MAS
- Media Releases
Last revised date:
- Singapore, 25 January 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action under the Securities and Futures Act (SFA) against Mr Wong Teck Kui for insider trading in the shares of Time Watch Investments Limited (TWI). Mr Wong has admitted to contravening section 219(2)(a) of the SFA and has paid MAS a civil penalty of $110,000 without court action. 2 On 17 and 18 January 2011, Mr Wong, an appointed representative with UOB Kay Hian Private Limited (UOBKH), purchased a total
- MAS
- Enforcement Actions
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
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 16 March 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions. 2 MAS found that, between June 2011 to April 2018, TTSL had failed to comply
- 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, 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
- Consultations
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- Proposals to improve the readability of prospectuses. Response VIEW DOCUMENT Response to Feedback Received - Public Consultation on Guidelines on Good Drafting Practices for Prospectuses (279.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Guidelines on Good Drafting Practices for Prospectuses (127.6 KB) 1 RESPONSE TO FEEDBACK RECEIVED PUBLIC CONSULTATION ON GUIDELINES ON GOOD DRAFTING PRACTICES FOR PROSPECTUSES 1 INTRODUCTION 1.1 On 5 February 2015, MAS