Showing 4566 Documents for "economic issues"

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    • MAS
    • Circulars

    Last revised date:

    • Informs all licensed insurers of the review of insurance returns and the regulations that have been issued or amended to move the existing reporting requirements from subsidiary legislations to notices. Circular No. ID 14/18 19 December 2018 Chief Executives All Insurers Dear Sir/Madam REVIEW OF INSURANCE RETURNS AND AMENDMENTS TO INSURANCE (VALUATION AND CAPITAL) REGULATIONS 2004 We refer to Circular No. ID 11/18 dated 28 September 2018. The Monetary Authority of Singapore
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 19 December 2018…The Monetary Authority of Singapore (MAS) announced today that it has increased the ban against Mr Tim Leissner to a lifetime Prohibition Order (PO). This follows Mr Leissner’s admission to criminal charges brought against him by the United States Department of Justice (US DOJ). 2   On 13 March 2017, MAS had issued a 10-year PO against Mr Leissner, a former director of Goldman Sachs (Singapore) Pte., to prohibit him from (i) performing any regulated activity under the
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 4 Case No DP-1706-B0860 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Aviva Ltd … Organisation DECISION -------- Aviva Ltd [2018] SGPDPC 4 Tan Kiat How, Commissioner— Case No DP-1706-B0860 19 April 2018 Background 1 The Organisation mistakenly sent out by post underwriting letters meant for 3 different clients (the “Impacted Clients”) to
    • PDPC
    • Public Consultations

    Last revised date:

    • Public Consultation for Managing Unsolicited Commercial Messages and the Provision of Guidance to Support Innovation in the Digital Economy – Submission of Comments Date Submitted 12 June 2018 Name This submission sets out Allen & Gledhill LLP’s comments and/or comments from one or more of our clients (who each have requested that their identity not be disclosed), on the public consultation by the Personal Data Protection Commission (“PDPC”) for managing unsolicited messages and the
    • PDPC
    • Practical Guidance

    Last revised date:

    • Guidance on whether the institution’s proposed methods of communication with various persons comply with the DNC provisions under the PDPA, and whether the institution’s proposed IT security arrangements are adequate under the PDPA. Click here to find out more. GUIDANCE NOTE ON APPLICATION OF PERSONAL DATA PROTECTION ACT 2012 TO ISSUES AND CIRCUMSTANCES RAISED BY A RELIGIOUS INSTITUTION 1. INTRODUCTION 1.1 This document responds to a request from a religious institution (the
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $58,000 was imposed on Carousell for failing to put in place reasonable security arrangements to protect the personal data of its platform users in its possession or under its control. Carousell was also directed to review its software testing procedures, processes and procedures for documenting functional and technical specifications of software and rectify any gaps identified from the reviews. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC
    • MAS
    • Media Releases

    Last revised date:

    •   Singapore, 2 June 2003...The Monetary Authority of Singapore (MAS) welcomes today's launch of the Asian Bond Fund  (ABF) by the EMEAP group of central banks. As a member of the EMEAP grouping, Singapore will be investing US$100 million in the ABF.  The initial size of the ABF will be about US$1 billion, and will be invested in a basket of US$ denominated sovereign and quasi-sovereign bonds issued by countries in the region.  The ABF will be managed by the Bank for International Settlements (BIS
    • MAS
    • Media Releases

    Last revised date:

    • Last in the Cultural and Heritage Site Series "Singapore River - Boat Quay in the mid 1900s" Singapore, 30 March 2004...The Monetary Authority of Singapore (MAS) today launched the 2004 Sterling Silver Proof Coin Set in the Cultural and Heritage Site series.  The Sterling Silver Proof Coin Sets first issued in June 2000, features the cultural and heritage series in Singapore.  The current set is the fifth and last set in the series.  It features the Singapore River - Boat Quay in the mid-1900s.
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 2 September 2021… The Monetary Authority of Singapore (MAS) has issued a four-year prohibition order (PO) against Mr Lan Kangming and a three-year PO against Mr Wee Toon Lee, following their convictions in the State Courts for offences involving dishonesty. 2     Under the POs, which took effect from 1 September 2021, the two former representatives of UOB Kay Hian Private Limited (UOBKH) are prohibited from performing any regulated activity and from taking part in the management, acting
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 5 May 2021… The Monetary Authority of Singapore (MAS) has issued a 2-year prohibition order (PO) against Mr Lim Chew Keat, a former insurance agent of Synergy Financial Advisers Pte Ltd (Synergy FA) for making false and misleading statements to his client. 2            Mr Lim is prohibited from providing any financial advisory service, or from taking part in the management, acting as a director or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers