Showing 4566 Documents for "economic issues"
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- MAS
- Consultations
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- In 2016, MAS embarked on a review of the regulatory framework governing payment services in Singapore with a view to modernising and streamlining the existing frameworks to encourage the wider adoption of e-payments in Singapore. As part of the review, one key recommendation to encourage the use of e-payments was to enhance consumer or account user protection. On 13 February 2018, MAS proposed measures to protect funds belonging to account users and merchants in the Payment Services Bill. This is
- PDPC
- Commission's Decisions
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- PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 8 Case No DP-1707-B0901 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 AIG Asia Pacific Insurance Pte. Ltd. … Organisation And DECISION -------- AIG Asia Pacific Insurance Pte. Ltd. Tan Kiat How, Commissioner — Case No DP-1707-B0901 3 May 2018 Background 1 On 30 June 2017, the Personal Data Protection Commission (the “Commission”) received a data breach
- MAS
- Notices
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- Requirements for merchant banks holding private equity and venture capital investments. This notice applies to all merchant banks in Singapore that hold private equity and venture capital (PE/VC) investments. It sets out the requirements on PE/VC investments which merchant banks must comply with, including: • Duration and valuation of PE/VC investments. • Involvement in management of investees. • Risk management policy for PE/VC investments. • Qualifications for merchant bank employees handling PE
- MAS
- Notices
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- What direct insurers must include in the required fact sheet to borrowers before granting a residential property loan. This notice applies to all direct insurers in Singapore. Direct insurers are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule. This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through
- MAS
- Notices
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- Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person. This notice applies to all licensed insurers. It sets out requirements and guidelines for insurers to: Seek MAS' approval for the appointment of any director, chairman or key executive person. Notify MAS of any additional directorship or key executive person role taken up by a key executive person. Notify MAS of outstanding engagements accepted by the appointed actuary or certifying
- MAS
- Notices
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- Requirements for banks when engaging in transactions with their related parties. This notice applies to all banks. It sets out the definition, scope and general principle governing transactions with related parties, and the responsibilities of banks to maintain oversight and control over their related party transactions in order to mitigate the risk of abuse arising from conflicts of interest. Amendment Notes 01 Jul 2021 MAS Notice 643 (Amendment) 2021 (285.9 KB) takes effect. 01 Jul 2021 MAS Notice
- MAS
- Speeches
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- Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move, "That the Bill be now read a second time". 2 Sir, this Bill seeks to amend the Financial Advisers Act ("FAA") concurrent with the amendments to the Securities and Futures Act ("SFA") that have been moved today. It aims to ensure that the regulation of Financial Advisers remains business friendly, while
- MAS
- Media Releases
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- 1 The Minister for Education and Deputy Chairman of the Monetary Authority of Singapore (MAS) today moved the Trust Companies Bill 2005 (the Bill) for first reading in Parliament. The Bill will be read for a second time and discussed at the next available Parliamentary sitting. 2 MAS had earlier conducted public consultation on the proposals for the new regulatory framework for trust companies and a draft of the Bill. Comments received have been incorporated, where appropriate, into the Bill
- MAS
- Media Releases
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- Singapore, 18 November 2021…The Monetary Authority of Singapore (MAS) today unveiled the 2022 Year of the Tiger Almanac coins, the sixth issue in the Singapore Fourth Chinese Almanac Coin Series The Series was launched in 2017 and a new coin will be issued each year over a span of 12 years to 2028. Each year’s issue depicts a zodiac animal in a park or natural landscape setting in Singapore. . 10 versions of the collectible coins will be issued on 1 January 2022. 2022 Year of the Tiger Coins 2 The
- MAS
- Media Releases
Last revised date:
- Singapore, 18 November 2021…The Monetary Authority of Singapore (MAS) today unveiled the 2022 Year of the Tiger Almanac coins, the sixth issue in the Singapore Fourth Chinese Almanac Coin Series The Series was launched in 2017 and a new coin will be issued each year over a span of 12 years to 2028. Each year’s issue depicts a zodiac animal in a park or natural landscape setting in Singapore. . 10 versions of the collectible coins will be issued on 1 January 2022. 2022 Year of the Tiger Coins 2 The