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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 10 April 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees and a former insurance agent for fraudulent and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Ms Emeline Tang Wei Leng, former representative of the Hong Kong and Shanghai Banking Corporation Limited (HSBC) 20 years Mr Nguyen Duy Minh, former representative of United Overseas Bank Limited (UOB) 12 years Mr Koh Zhan Loong John, former
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions, including a financial penalty of $20,000, were imposed on Society of Tourist Guides for breaches of the PDPA. First, the organisation failed to put in place reasonable measures to protect its members’ personal data. Second, it did not appoint a data protection officer. Lastly, it did not have written policies and practices necessary to ensure its compliance with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 48 Case No. DP-1903-B3445 In
    • MAS
    • Parliamentary Replies

    Last revised date:

    • Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: CLOB For Parliamentary Sitting on 17 Jan 2000 Questions: Q1. To ask the Deputy Prime Minister what are the latest developments on the Central Limit Order Book (CLOB) issue with Malaysia, and whether there are any mutually acceptable and workable solutions being considered. Q2. To ask the Deputy Prime Minister whether the Government should consider legal recourse at this juncture in view of the continued deadlock in settling the Central
    • MAS
    • Speeches

    Last revised date:

    •  Introduction 1   It is a pleasure for me to be here for this inaugural workshop of the Singapore Centre for Applied and Policy Economics (SCAPE), organised in cooperation with the World Bank and the Institute of Policy Studies.  To our many overseas guests, may I bid you a warm welcome.  I congratulate SCAPE for bringing together key policymakers and renowned academics for this occasion.  As there will certainly be a lively exchange of views in these 2 days of the workshop, I shall focus my remarks
    • MAS
    • Speeches

    Last revised date:

    • Mr. Andrew Ng, President, Financial Markets Association of Singapore, Distinguished speakers, ladies, and gentlemen, 1. A very good morning. 2. It is fitting that we have the skyline of our Central Business District to serve as our backdrop for the Asia Financial Markets Forum. Glad to see the city bustling again after two years. 3. This pandemic has been challenging, but most sectors are steadily recovering, including hard-hit ones like tourism and aviation. Thank you for working with us. 4. But
    • MAS
    • Speeches

    Last revised date:

    • Minister for National Development Mr Desmond Lee, ladies and gentleman, good afternoon. Let me start with the big picture. To limit global warming to 1.5 ° C, global annual greenhouse gas emissions need to be halved by 2030 and reduced to net-zero by 2050. Yet, the trajectory of carbon emissions is still on a steady uptrend. Just on energy needs alone, demand in Asia is projected to double in 2030. Economic development will drive demand for fossil fuels, which is still the cheapest way to generate
    • MAS
    • Speeches

    Last revised date:

    • Mr Lim Chow Kiat and Members of the Board of Trustees, Wealth Management Institute, Ladies and gentlemen, 1. A very good morning. I am pleased to join you for the opening of the Wealth Management Institute’s new campus at One Marina Boulevard. a. It has been almost twenty years since the WMI was established in 2003. I am glad that Ms Ho Ching and Mr Ng Kok Song, who are instrumental to the founding of WMI, are here with us today. b. I also see many other familiar faces, who form part of the extended
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION Case No DP-1711-B1312 [2018] SGPDPC [12] In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Watami Food Service Singapore Pte Ltd … Organisation DECISION -------- Watami Food Service Singapore Pte Ltd Watami Food Service Singapore Pte Ltd [2018] SGPDPC [12] Mr. Yeong Zee Kin, Deputy Commissioner — Case No DP-1711-B1312 14 May 2018 1. Watami Food Service Singapore
    • MAS
    • Circulars

    Last revised date:

    • Informs insurers of the amendments to MAS Notice 106 - Appointment of Director, Chairman, Member of Nominating Committee, and Key Executive Person for Insurers. Circular No. ID 14/21 24 September 2021 To the Chief Executives of all Insurers Dear Sir/Madam AMENDMENTS TO MAS NOTICE 106 Amendments to MAS Notice 106 The Monetary Authority of Singapore (MAS) has made amendments to the MAS Notice 106 (the Notice). 2 Currently, paragraph 8 of the Notice requires insurers
    • MAS
    • Forms and Templates

    Last revised date:

    • Form for banks, merchant banks, finance companies and insurers to provide a breakdown on the clientele type for each regulated activity and the business units involved in each activity. This form must be submitted within 14 days from the end of the financial year. Form 28 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . SECURITIES AND FUTURES ACT (Cap. 289) SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS