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- Authority of Singapore (MAS).
- This takes the total number of FinTech cooperation agreements that MAS has with its international counterparts to 29.
- In addition, seven agreements were inked between MAS and international financial authorities on the sidelines of the Festival.
- MAS
- Enforcement Actions Media Releases
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- Singapore, 18 August 2022… The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $100,000 and issued prohibition orders (POs) against Ms Chua Kah Boey for false and unauthorised trading.
- His appeal against custodial sentence was dismissed on 2 December 2021 - MAS media release .
- Ms Chua, a former trading representative employed by UOB Kay Hian Private Limited (UOBKH), has paid MAS a civil penalty of $100,000 without court action for contraventions of sections 197(1A)(b) and 201(b) of the Securities and Futures Act 2001 (SFA). 3.
- MAS
- Media Releases
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- 9 April 2013…The Monetary Authority of Singapore (MAS) conducted a survey in February 2013 to gauge the progress made by financial advisory representatives in passing the Capital Markets and Financial Advisory Services (CMFAS) Module 9A 1 .
- MAS will continue to work with SCI and the industry to help the rest prepare for the examination.
- Principal companies will have to put in place the necessary controls and monitoring mechanisms to ensure this. 6 Lee Chuan Teck, Assistant Managing Director, MAS, said, “I am heartened that the vast majority of representatives have already passed Module 9A.
- MAS
- Regulations
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- Maintain financial resources (FR) above the total risk requirements (TRR) and report to MAS when FR falls below a threshold. Lodge financial returns with MAS.
- RAVI MENON Managing Director, Monetary Authority of Singapore. [CMI CMS 02/2016; AG/LEGIS/SL/289/2015/2 Vol. 1]
- These include the requirements to: Maintain aggregate indebtedness within a threshold Maintain a reserve fund Seek MAS' approval for a reduction in share capital Notify MAS prior to the issuance of preference shares or drawing down a qualified subordinated loan Obtain margin from customers 08 Oct 2018
- MAS
- Notices
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- Amendment Notes 01 Jul 2021 MAS Notice 1012 dated 11 June 2021 takes effect. 01 Jul 2021 MAS Notice 1012 (113 KB) and MAS Notice 1012 Appendix 1 (66.2 KB) dated 01 November 1985 are cancelled . 01 Nov 1985 MAS Notice 1012 dated 01 November 1985 takes effect.
- MAS 1012 01 Nov 1985 NOTICE TO MERCHANT BANKS Credit Facilities to a Single Borrower or Group of Borrowers In compliance with Directive 8, issued under Section 24C(3) of the MAS Act, no merchant bank shall grant or permit to have outstanding credit facilities to a single borrower or
- MAS
- Speeches
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- V Challenges for MAS 42 As the supervisor of the insurance industry, MAS faces considerable challenges too.
- MAS will take steps to ensure that further liberalisation will not compromise the security of policyholders' interests. Corporate Governance 43 One key component of MAS' recent liberalisation package for the banking industry is measures to strengthen the corporate governance of banks.
- MAS' recent efforts to do so have yielded encouraging results. We will press on with our plans to develop the debt market, and study ways to promote these retirement products.
- MAS
- Media Releases
Last revised date:
- The following measures will take effect on 12 January 2013: a) Tighter eligibility for loans to buy HDB flats: i) MAS will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial Regulated by MAS at 30% of a borrower’s gross monthly Medium-term interest rates shall be used to
- MAS will set an MSR limit of 30% for loans granted by MAS-regulated 2 financial institutions for the purchase of HDB flats.8 This rule shall apply to loans which are for the purchase of HDB flats, if the date which the Option to Purchase was granted is 12
- ) Raised between five and seven percentage points across the board. ii) Imposed on Permanent Residents (PRs) purchasing their first residential property and on Singaporeans purchasing their second residential property. b) Loan-to-Value limits on housing loans granted by financial Regulated by MAS
- MAS
- Speeches
Last revised date:
- and MAS” on the impact of automation and data analytics over the next 3-5 years on job tasks and skills needs in the financial sector.
- MAS and IBF are also actively driving the expansion and deepening of workforce capabilities in technology and specialised fields, to meet the needs of the rapidly evolving financial sector landscape in Asia.
- In 2019, assets under management (AUM) in Singapore grew 16% to reach S$4.0 trillion, with 76% of the AUM originating from outside of Singapore, and 69% of AUM being invested into the Asia Pacific region MAS 2019 Asset Management Survey .
- MAS
- Media Releases
Last revised date:
- The SGQR Taskforce will be co-led by the Monetary Authority of Singapore (MAS) and the Info-communications Media Development Authority (IMDA) and involve a broad range of stakeholders such as banks, payment schemes, QR payment service providers, and relevant government agencies.
- Our goal is to make the payments experience efficient for businesses and delightful for everyone, including the young and elderly.” *** Annex 1 – SGQR Taskforce Composition Co-Leads Info-communications Media Development Authority (IMDA) Monetary Authority of Singapore (MAS) Government Agencies Housing
- FMAS will work with the MAS, Association of Banks in Singapore and financial institutions to expedite the adoption of the common QR code for mobile payments.
- MAS
- Media Releases
Last revised date:
- Singapore, 13 July 2020… The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth MAS announced the fifth phase of Project Ubin on 11 November 2019, following the successful development of a blockchain-based prototype for multi-currency
- Please see link to MAS’ media release for more details. and final phase of Project Ubin.
- Phase 5 has demonstrated how broadly blockchain technology can impact the future of business and we look forward to working with MAS, Temasek and other banks to develop and scale commercial solutions for the industry.” ***