Showing 5563 Documents for "MAS"

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    • MAS
    • Forms and Templates

    Last revised date:

    Form 33 – Annual Declaration Lodged Pursuant to Paragraph 3(X) and/or 3(Y) of the Second Schedule to the Regulations by Persons Exempted from Holding a Capital Markets Services Licence to Carry on Business in Capital Markets Products that are Futures Contracts and/or Over-the-Counter Derivatives Contracts under Paragraph 3(1)(d) and/or 3A(1)(d) of the Second Schedule to the Regulations
    • After submission, FIs may view a record of their submission by logging into MAS-Tx .
    • After submission, FIs may view a record of their submission by logging into MAS-Tx.
    • Please refer to the Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS (for FIs conducting regulated activities under the SFA other than for fund managers and REIT managers) (https://www.mas.gov.sg/regulation/guidance/compliance-toolkit-for-approvals-notifications-and-other-regulatory-submissions-to-mas-sfa
    • MAS
    • Monetary Policy Statements

    Last revised date:

    MAS Monetary Policy Statement - October 2017
    • MAS Core Inflation is likely to be stable in the near term. Growth 4.     
    • Overall, MAS Core Inflation is projected to come in at around 1.5% in 2017 and average 1–2% next year. 10.    
    • MAS Core Inflation is envisaged to be broadly stable throughout next year. Over the medium term, core inflation is expected to trend towards but average slightly below 2%. 12.     MAS had indicated in the October 2016 MPS that the neutral policy stance would be appropriate for an extended period.
    • MAS
    • Notices

    Last revised date:

    Notice FAA-N03 Information to Clients and Product Information Disclosure
    • Amendment Notes 08 Oct 2018 MAS Notice FAA-N03 (Amendment) 2017 (399.2 KB) takes effect. 20 Feb 2013 MAS Notice FAA-N03 (Amendment) 2013 (60.5 KB) takes effect. 26 Nov 2010 MAS Notice FAA-N03 (Amendment) 2010 takes effect. 01 Jul 2005 MAS Notice FAA-N03 (Amendment) 2005 takes effect. 18 Feb 2004 MAS
    • Notice FAA-N03 (Amendment) 2004 takes effect. 22 Dec 2003 MAS Notice FAA-N03 (Amendment 02) 2003 takes effect. 20 Mar 2003 MAS Notice FAA-N03 (Amendment) 2003 takes effect
    • MAS Notice 318]; [FAA-N03 (Amendment) 2018] representative has the same meaning as in section 2(1) of the Act; and unit has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289).
    • MAS
    • Parliamentary Replies

    Last revised date:

    Reply to PQ on legislation to facilitate electronic payments
    • Answer: (i) The Monetary Authority of Singapore (MAS) has encouraged the financial industry to embark on a number of projects to improve the efficiency of the current payments infrastructure, including the cheque truncation and other electronic payment systems.
    • Issuing MPSVCs is a form of deposit taking, so MAS wants to be certain that card holders have some protection should the issuer run into difficulty.
    • The MAS is also considering appropriate legislative changes to facilitate the implementation of these new systems and processes. (ii) Today only currency notes are legal tender.
    • MAS
    • Enforcement Actions

    Last revised date:

    MAS Takes Civil Penalty Action Against Wong Teck Kui for Insider Trading
    • 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).
    • (ii) Under section 232 of the SFA, MAS may enter into an agreement with any person for that person to pay, with or without admission of liability, a civil penalty for contravening any provision of Part XII of the SFA.
    • 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 of 1.3 million TWI shares through trading
    • MAS
    • Enforcement Actions

    Last revised date:

    MAS issues prohibition orders against six individuals for misselling investment products
    • by the MAS.
    • Singapore, 17 May 2018… The Monetary Authority of Singapore (MAS) announced today that it has issued prohibition orders (POs) against six individuals for the mis-selling of investment products.
    • MAS will take stern action against representatives who betray the trust placed in them and provide false or misleading information or give irresponsible advice to their customers.
    • MAS
    • Parliamentary Replies

    Last revised date:

    Reply to Parliamentary Question on "Buy Now Pay Later" Schemes
    • Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
    • MAS will continue to guide the progress of the BNPL Working Group and monitor developments in this space. ***
    • For now, MAS has assessed that effective industry self-regulation, through an industry code, should adequately mitigate the risks in the BNPL sector. Under MAS’ guidance, the Singapore FinTech Association has launched a BNPL Working Group to develop a code of conduct for all BNPL providers.
    • MAS
    • Media Releases

    Last revised date:

    Safe Re-Opening of More Customer Services in the Financial Sector
    • The Monetary Authority of Singapore (MAS) will allow FIs more onsite staff to meet increased customer needs as some businesses re-open, as well as to serve customers using both online and offline channels more efficiently.
    • MAS strongly advises all FI customers to continue using digital financial services and e-payments as much as possible. Customers who need to visit an FI’s premises must adhere to the safe management measures at the FI’s premises. 6.     
    • MAS will continue to work closely with the financial industry to safeguard the safety of their customers and staff while progressively expanding the range of financial services offered, and maintaining Singapore’s position as an international financial centre. *****
    • MAS
    • Media Releases

    Last revised date:

    Fraudulent Phone Scams Impersonating MAS or Bank Staff
    • call to MAS at webmaster@mas.gov.sg .
    • The calls may originate from local or overseas numbers and the perpetrators would use Caller ID spoofing technology to mask their actual phone numbers and instead, display an MAS contact number. They may also use MAS’ logo as the profile picture on Viber’ or ‘WhatsApp’. 
    • Singapore, 25 February 2020… There have been fraudulent messages and calls to members of the public that impersonate MAS staff and request for personal or bank account information.
    • MAS
    • Media Releases

    Last revised date:

    Financial Institutions Need to Review Security Controls Amidst COVID-19: MAS’ Cyber Security Advisory Panel
    • Singapore, 10 November 2020… The Monetary Authority of Singapore (MAS)'s Cyber Security Advisory Panel (CSAP) For more information on MAS’ CSAP, please refer to: https://www.mas.gov.sg/who-we-are/MAS-Advisory-Panels-and-Committees/Cyber-Security-Advisory-Panel stressed the need for financial institutions
    • At its fourth annual meeting with MAS management on 5 November 2020, the Panel shared its insights on cyber risks in the new operating environment and made several recommendations. 2     Key recommendations from the CSAP meeting include: Reviewing risk profiles and adequacy of risk mitigating measures
    • The Panel recommended that FIs establish policies and procedures on the use of OSS and to ensure these codes are robustly reviewed and tested before they are deployed in the FIs’ IT environment. 3     Mr Ravi Menon, MAS’ Managing Director who chaired the CSAP meeting, said, “Singapore’s financial sector