Showing 5563 Documents for "MAS"
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- MAS
- Exemptions
Last revised date:
- The FMC was also required to notify MAS of any proposed material changes to its conduct of the regulated activity or to the intended fund structure as represented to MAS. 10 Dec 2014 MAS granted an exemption to a foreign affiliate of a CMS licence holder from the requirement to
- Under the conditions of this exemption, the Company is required to notify MAS of any material changes to its business model and operations in Singapore.
- granted Exemption provision No. of exemptions provided 1 Date of exemption granted 30 Oct 2014 Description Section 99(1)(h) of the SFA, read with section 337(2) of the SFA Exemption from requirement to hold a Capital Markets Services (CMS) licence for fund management MAS
- MAS
- Parliamentary Replies
Last revised date:
- The EC has assessed MAS’ CRA regulatory regime to be less prescriptive than EU rules in certain areas, such as in defining specific situations in which a conflict of interest for the CRA arises. MAS takes a more principles-based approach.
- On how MAS’ regulations on CRAs compare to those in the EU, MAS’ CRA regulatory regime is based on, and consistent with, standards promulgated by the International Organisation of Securities Commissions (IOSCO), which is the global standard setting body.
- MAS will continue to closely engage our EU counterparts in reviewing our rules to ensure that financial institutions in Singapore continue to have access to the EU market in various financial services. * * *
- MAS
- Media Releases
Last revised date:
- MAS will further support the TechSprint by showcasing the winning solutions at the Singapore FinTech Festival. 5 Mr Ravi Menon, Managing Director of MAS, said: “MAS is delighted to be part of this unique G20 TechSprint initiative.
- Singapore, 29 April 2020… The Monetary Authority of Singapore (MAS) announced today that it is pleased to support the inaugural G20 TechSprint initiative, launched by the Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub The TechSprint is also supported by the Financial
- APIX is a flagship product of the ASEAN Financial Innovation Network (AFIN), a non-profit entity formed by the Monetary Authority of Singapore, International Finance Corporation, a member of the World Bank Group, and the ASEAN Bankers Association, with the objectives of supporting financial innovation
- MAS
- Media Releases
Last revised date:
- The agreements were made at the UK-Singapore Business Summit held in London in commemoration of Singapore’s Bicentennial. 2 The Monetary Authority of Singapore (MAS) concluded a Memorandum of Understanding (MOU) with the City of London on key areas of financial cooperation.
- The agreement was signed by Mr Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, and Chairman of MAS, and Mr Peter Estlin, the Lord Mayor of the City of London. 3 MAS and the City of London also agreed on a Partnership Arrangement on UK’s Green Finance Initiative
- The agreement was signed by Mr Benny Chey, MAS Assistant Managing Director (Development and International) and Sir Roger Gifford, Chair of the Green Finance Initiative. 4 In addition, the Institute of Banking and Finance Singapore (IBF) and the UK Chartered Body Alliance (CBA) The CBA comprises the
- MAS
- Financial Sector Development Fund Annual Report
Last revised date:
- Authority of Singapore Act 1970 (the MAS Act).
- It is controlled and administered by the Monetary Authority of Singapore (MAS or the Authority), located at 10 Shenton Way, MAS Building, Singapore 079117. The Authority provides administrative and accounting support to the Fund.
- Regular updates are provided to the MAS management and the Ministerincharge.
- MAS
- Consultations
Last revised date:
- Monetary Authority of Singapore 8 -------- PART REFERENCE Part 10 Part 11 POLICY INITIATIVE Enforcement Powers for MAS Officers MAS will enforce the civil remedy regime for market misconduct.
- Enforcement Powers for MAS Officers (Part IX Div 3) 30 MAS will enforce the civil penalty regime for market misconduct under the SFA.
- Under current legislation, MAS has limited powers to investigate suspected violations of market misconduct. To enable MAS to carry out its enforcement function effectively, the SFA proposes to enhance the investigative powers of MAS officers.
- MAS
- Consultations
Last revised date:
- MAS response: MAS agrees and has incorporated this into the new regulations.
- MAS response: MAS agrees with the comments. We have revised the risk factors for reinsurance recoverables.
- MAS response: MAS does not agree that there should be distinction between the type of insurance funds in respect of inter-fund balances.
- MAS
- Guidelines
Last revised date:
- Please provide reasons for the renewal and changes to the information previously submitted to MAS.
- MAS will only process applications from the Singapore Entity and not the foreign Licensed Firm.
- All applications will be promptly processed by MAS. The processing time will vary depending on the completeness of information submitted by the applicant. Successful applicants will be notified by MAS via notice in writing.
- MAS
- Speeches
Last revised date:
- This is an important issue, and I am grateful for the opportunity to share with you the Monetary Authority of Singapore's perspectives. 2 First, a few quick words about the nature and scope of the problem.
- For example, following the September 11 terrorist attacks, MAS carried out an intensive series of AML inspections across the entire financial sector, covering 118 institutions over a two-month period.
- The legal vehicle for CFT in the financial sector is the MAS (Anti-Terrorism Measures) Regulations, which covers all financial institutions in Singapore. 16 Our regulatory framework for AML/CFT is comprehensive.
- MAS
- Speeches
Last revised date:
- Previously, banks acting as originators or managers in securitisations had to seek MAS’ prior approval for these transactions. With the amendments, they need only notify MAS after the transaction. Banks have welcomed these and other changes to the rules.
- In this respect, MAS has also taken steps to refine the calibration of regulatory capital required for CDO investments. This was done through recent amendment to MAS Notice 628 to banks. Previously all CDO investments, regardless of rating, were deducted in full from capital.
- I am Tay Bee Bee, from the Monetary Authority of Singapore. I am head of the Debt Market and Treasury Division, which is responsible for the strategic development of the debt capital market in Singapore.