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- MAS
- Media Releases
Last revised date:
- Singapore, 1 April 2016… The Monetary Authority of Singapore (MAS) and the National Research Foundation (NRF) announced today that a FinTech Office will be set up on 3 May 2016 to serve as a one-stop virtual entity for all FinTech matters and to promote Singapore as a FinTech hub. 2 The FinTech Office
- We are proud to partner with MAS and kickstart the FinTech Office as part of the newly-formed SG-Innovate.” 6 For more information on the FinTech Office, please visit: www.mas.gov.sg/FinTech . ***
- will be co-led by Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, and Mr Steve Leonard, Chief Executive Officer, SG-Innovate, with representatives from The Economic Development Board, Infocomm Investments Pte Ltd, Info-communications Media Development Authority, National Research Foundation and SPRING
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. As Single Family Offices (SFOs) do not manage third party monies, they are not required to be registered or licensed by the Monetary Authority of Singapore (MAS).
- As such, MAS does not have authoritative data on the number of SFOs or the scale of their operations in Singapore. 2. Based on MAS’ estimates, there were about 400 SFOs as at end-2020 and 700 SFOs as at end-2021.
- MAS does not have estimates on aggregate business spending, aggregate AUM held and the amount invested locally by SFOs. 3.
- MAS
- Media Releases
Last revised date:
- MAS has taken into account feedback received from the public consultation. The Notice can be accessed here , and the public consultation and MAS’ response to the feedback received can be found here . MAS thanks all respondents for their feedback. ***
- Singapore, 23 February 2023… The Monetary Authority of Singapore (MAS) today issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements for corporate finance (CF) advisers CF advisers refer to holders of a capital markets services (CMS) licence and banks, merchant
- Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said, “Corporate finance advisers, through their work in advising prospective issuers, enable investors to make informed decisions by facilitating adequate and accurate disclosures.
- MAS
- Circulars
Last revised date:
- ID 03/16 and Circular No. 13/17 dated 28 June 2016 and 15 2 The Monetary Authority of Singapore (MAS) issued its response to feedback received on a consultation paper on the review of insurance returns on 28 June 2016.
- MAS has issued the following Notices today, and these Notices are available at the MAS website (www.mas.gov.sg): Notice on Insurance Returns (Accounts and Statements) Notice on Insurance Returns (Accounts and Statements) for Captive Insurers Notice on Insurance Returns (Accounts and
- If you have any further queries, please contact your companys liaison officer in MAS. Thank you. 4 Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
- MAS
- Forms and Templates
Last revised date:
- Signature Date Name Designation SPECIMEN - NOT FOR SUBMISSION 33 Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 DECLARATION We declare that: proper persons.
- A description of any other activities regulated by MAS that the applicant intends to conduct e.g. financial advisory, dealing in securities etc. A description of activities not regulated by MAS that is the key revenue generator for the applicant e.g. technology services etc.
- MAS RESERVES THE RIGHT TO TERMINATE THE PROCESSING OF THE APPLICATION AT ANY TIME SHOULD THERE BE INCOMPLETE DISCLOSURES IN THIS SECTION.
- MAS
- Parliamentary Replies
Last revised date:
- MAS has also advised financial institutions (FIs) to look beyond the borrower’s short-term cash flow problems when assessing their credit standing.
- That is why MAS has been working closely with the financial industry to implement relief measures since March 2020, to help borrowers defer and spread out their monthly repayments.
- MAS therefore encourages borrowers who are concerned about any adverse credit records because they have missed payments as a result of COVID-19 to reach out to their lenders early to tap into the various relief schemes.
- MAS
- Letters to Editor
Last revised date:
- In short, MAS is concerned about the rising levels of all forms of debt that households have committed to. Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- MAS does not think so. First, property loans are much larger; they make up more than 70% of household debt. Second, property loans are subject to the risk posed by an increase in interest rates.
- This is why MAS took a series of measures, from lowering loan-to-value ratios and requiring higher minimum cash down payments, to imposing caps on loan tenures and most recently, introducing a total debt servicing ratio.
- MAS
- Media Releases
Last revised date:
- Singapore, 27 April 2010...The Monetary Authority of Singapore (MAS) is reviewing the regulatory regime for financial intermediaries conducting fund management activities and the exemption regime for financial intermediaries engaged in leveraged foreign exchange trading.
- In developing this set of proposals, MAS has considered the views and comments from the public, investors, market practitioners and industry associations. 6 MAS invites interested parties to give their views and comments on the proposals contained in the Consultation Paper.
- These requirements aim to enhance safeguards against theft or misappropriation of customers' monies. 5 MAS adopts an open and consultative approach with the industry, and remains committed to building Singapore as a fund management and alternative investment hub.
- MAS
- Speeches
Last revised date:
- 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
- For example, MAS will be able to require insurers to manufacture and offer Direct Purchase Insurance (“DPI”) products. DPI products are simple life policies that consumers can purchase directly from insurers without commissions and financial advice.
- PARTICIPATION IN THE WEB AGGREGATOR 5 Second, to facilitate the comparison of life policies, MAS has collaborated with the Consumers Association of Singapore, the Life Insurance Association and MoneySENSE to launch a web aggregator for life insurance policies.
- MAS
- Media Releases
Last revised date:
- Singapore, 28 September 2007...The Monetary Authority of Singapore (MAS) has issued revised Property Fund Guidelines (REIT Guidelines) (331.9 KB) . The revised Guidelines are intended to improve safeguards for investors and to provide greater clarity and flexibility for commercial transactions.
- Our responses to the comments received from the public consultation are published on the MAS website. (Click here to view) (160.7 KB) MAS will continue to engage industry players and ensure that our regulatory regime remains progressive and keeps pace with the market’s development and growth.
- the time of listing of a REIT; Specifying safeguards for REITs that intend to pay dividends in excess of current income; Requiring a REIT to invest at least 75% of its assets in income-producing real estate; and Removing the 5% single party limit for investments in real-estate related securities. 3 MAS