Showing 5563 Documents for "MAS"
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- MAS
- Notices
Last revised date:
- Amendment Notes 01 Jul 2021 MAS Notice 1007 dated 29 June 2021 takes effect. 01 Jul 2021 MAS Notice 1007 dated 1 November 1985 (81 KB) is cancelled .
- MAS 1007 01 Nov 1985 NOTICE TO MERCHANT BANKS Appointment of External Auditors Pursuant to Directive 13, issued under Section 24C(3) of the MAS Act, every merchant bank shall appoint annually an approved auditor to carry out the duties as specified in the Directive.
- This notice sets out the requirements for all merchant banks in Singapore to seek MAS’ approval to appoint or re-appoint an auditor annually to carry out the duties specified in section 58 of the Banking Act.
- MAS
- Letters to Editor
Last revised date:
- The Monetary Authority of Singapore (MAS) requires all banks operating in Singapore to recover their critical systems within four hours following any disruption. MAS also expects banks to have a comprehensive data backup strategy for the storage of critical information.
- MAS takes seriously the security, resilience and availability of our banking infrastructure and works closely with the industry to ensure that it remains so. Jerome Lee (Mr) Director (Corporate Communications) Monetary Authority of Singapore
- MAS
- Letters to Editor
Last revised date:
- Under the Currency Act, merchants in Singapore have to accept five-cent coins issued by the Monetary Authority of Singapore (MAS) for any payment not exceeding S$2.
- Anyone who encounters difficulty using any particular denomination of notes or coins can contact MAS with details of the merchant to enable us to advise the merchant of his obligations. MAS has considered the feasibility of taking five-cent coins out of circulation.
- 16 February 2012 The Editor ST Forum I refer to Mr Wong Kam Wah’s letter (“Five cents - MAS could consider stopping circulation”, ST Forum, 15 February 2012).
- MAS
- Media Releases
Last revised date:
- Click here (102.1 KB) for MAS’ response to the consultation paper.
- Singapore, 10 December 2007...The Monetary Authority of Singapore (MAS) has released a consultation paper on the proposed fee structure that will apply to all representatives conducting regulated activities under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA).
- The consultation paper is posted on the MAS website, www.mas.gov.sg . (Click here to view the consultation paper) (153.2 KB) . *** [1] The rationale and features of the proposed notification framework were set out in an earlier consultation paper (89.4 KB) issued in September 2006.
- MAS
- Media Releases
Last revised date:
- MAS’ consultation paper sets out the proposed regulatory requirements that participating banks and merchant banks in Singapore must comply with when conducting such foreign exchange conversion. 3 The consultation paper is available on MAS’ website and comments should reach MAS by 16 May 2013.
- Singapore, 2 May 2013… The Monetary Authority of Singapore (MAS) today released a consultation paper on the proposed regulatory requirements for participating banks 1 and merchant banks in Singapore to conduct foreign exchange conversion in China via the RMB Clearing Bank in Singapore. 2 As part of
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) announced that Mr V K Rajah, the Attorney-General, will be appointed to its Board of Directors.
- Mr Rajah’s term of appointment will be from 1 November 2014 to 31 October 2017. 2 The members of the MAS Board of Directors are listed in the Annex. *** Annex Board of Directors of the Monetary Authority of Singapore (as of 1 November 2014) Mr Tharman Shanmugaratnam (Chairman) Deputy Prime Minister
- Building and Construction Authority Mr Lim Chee Onn Senior International Advisor, Singbridge Private Limited Mr Peter Ong Boon Kwee Permanent Secretary, Ministry of Finance Professor Tan Chorh Chuan President, National University of Singapore Mr V K Rajah Attorney-General Mr Ravi Menon Managing Director, MAS
- MAS
- Speeches
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- For example, in 2005, the MAS announced that banks in Singapore will be able to offer Murabaha financing in Singapore.
- To this end, MAS work with the industry to constantly review our tax and regulatory framework to ensure a level playing field between Islamic and conventional financing.
- While understanding that there exist different interpretations of Shar'iah products in the industry, MAS will prefer to leave it to the internal Shar'iah boards of the various banks to make this decision.
- MAS
- Media Releases
Last revised date:
- Singapore, 1 April 2014… The Monetary Authority of Singapore (MAS) commenced civil penalty court action against Mr Norman Phua Chun Han and has been awarded a default judgment of $2,965,414.75 against Mr Phua, comprising a civil penalty amount of $2,865,414.75, for insider trading under Section 218(2
- (iii) Notwithstanding the above, MAS may also enter into agreements with any person for that person to pay, with or without admission of liability, a civil penalty for a contravention of any provision of Part XII of the SFA.
- without court action. 5 The Attorney-General’s Chambers represented MAS in this action. *** Notes to Editor (A) The civil penalty regime (i) A civil penalty action is not a criminal action and does not attract criminal sanctions.
- MAS
- Monetary Policy Statements
Last revised date:
- The MAS underlying inflation measure was stronger at 1.0% in the first two months of this year.
- MAS intervened significantly in Q4 2004 and into early 2005 to moderate excessive upward pressure on the S$.
- MAS assessed this policy stance to be supportive of economic growth, while ensuring low and stable inflation over the medium term.
- MAS
- Monetary Policy Statements
Last revised date:
- (Chart 1) 2 In January 2001, MAS decided to maintain this stance of a modest appreciation of the trade-weighted Singapore dollar within an unchanged policy band.
- MAS will continue to guide the S$NEER within this exchange rate band, and stands ready to intervene to dampen excessive volatility should this become necessary. *** Related: Past Monetary Policy Decisions
- There is no reason for any persistent weakening of the Singapore dollar. 12 MAS has therefore shifted to a neutral exchange rate policy stance, with a policy band centred on a zero percent appreciation of the S$NEER.