Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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Name and Constituency of Member of ParliamentMr Michael Anthony Palmer, MP for Pasir Ris-Ponggol GRC- MAS has exempted payment instruments with a credit limit of less than $500 from MAS' rules to provide some leeway to the market to innovate and develop convenient payment instruments.
- Whether it is cards or other instruments used for payment for goods or services, MAS has set the maximum credit limit at $500. This allows flexibility in payments for small-ticket items without raising substantial concerns about Singaporeans spending beyond their means.
- _________________________________________ Question Q329: To ask the Senior Minister in light of the relaxation of minimum annual income for credit card applicants and certain local banks launching or intending to launch credit cards where no minimum annual income is required, what measures will the Monetary
- MAS
- Media Releases
Last revised date:
- Singapore, 4 December 2012…The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Goh Ing Sing and Mr Keu Haw Gee for insider trading under Section 219(2)(a) of the Securities and Futures Act (SFA). 2 On 13 August 2010, Wilmar International Limited (Wilmar)
- was referred to MAS by SGX-ST. *** Notes to Editor: (A) The civil penalty regime (i) A civil penalty action is not a criminal action and does not attract criminal sanctions.
- (ii) Under section 232 of the SFA, MAS may enter into an agreement with any person for that person to pay, with or without admission of liability, a civil penalty for contravening any provision of Part XII of the SFA.
- MAS
- Media Releases
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- Ngiap, Assistant Managing Director, Capital Markets, MAS, “MAS is honoured to host the inaugural EU-Asia-Pacific Forum.
- SINGAPORE, 14 October 2016…The Monetary Authority of Singapore (MAS) hosted regulators from the European Union (EU) and the Asia-Pacific Region at the inaugural EU-Asia-Pacific Forum on Financial Regulation (Forum) today. 2 Established under the auspices of the European Commission Directorate-General
- MAS Deputy Managing Director Ong Chong Tee and DG FISMA Director General Olivier Guersent delivered opening and keynote remarks at the event and emphasised the importance of increased regulatory cooperation given the increasing connectedness of European and Asia-Pacific markets. 5 Said Mr Lee Boon
- MAS
- Enforcement Actions Media Releases
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- Singapore, 23 May 2022… The Monetary Authority of Singapore (MAS) has issued an eight-year prohibition order (PO) against Ms Nancy Tan Mee Khim, following her conviction for consenting to Noble Consulting Group Pte Ltd (Noble) carrying on a business of dealing in securities without holding a capital
- MAS’ licensing regime protects members of the public by admitting only fit and proper persons, who must carry out regulated activities in accordance with business conduct and other requirements.
- Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “Persons dealing in securities and capital market products must take steps to ensure that they comply with the licensing requirements under the Securities and Futures Act.
- MAS
- Media Releases
Last revised date:
- Singapore, 31 March 2021… The Monetary Authority of Singapore (MAS) announced today that Singapore intends to join international efforts to enhance the capacity of the International Monetary Fund (IMF) to assist vulnerable low-income countries in dealing with the economic fallout from the COVID-19 pandemic
- Subject to Parliament’s approval The Bretton Woods Agreements Act enables MAS to make grants to the IMF as part of international efforts to assist low-income countries.
- At US$2 million, Singapore’s grant to the CCCDI is commensurately sized, relative to the contributions from larger countries, and will be drawn from MAS’ OFR. Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries (PRG-HIPC Trust) 6.
- MAS
- Parliamentary Replies
Last revised date:
- MAS has been focused on promoting the growth of green and transition finance. 4.
- Third, MAS will promote the scaling of blended finance to mitigate risk for investors and spur flows into marginally bankable but worthy transition projects in the region. 7. Fourth, MAS is putting in place underlying enablers to support the growth of green and sustainable finance.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Headwinds arising from the energy crisis and higher interest rates have generally slowed global capital market and financing activity.
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) has issued five-year prohibition orders (POs) against Mr Chan Jun Yi, Ms Chanel Quah Hui Wen, Mr Lim Zhan Yi, Ms Sherlin Chia Hee Ping, Mr Tang Hong Kong Jackie, and Ms Yvonne Quah.
- MAS has issued five-year POs to all six individuals as each of them had actively participated in the scheme to cheat IRAS.
- Their convictions for falsifying expense claims in income tax returns gave MAS reason to believe that they will not perform financial advisory services honestly. *** Additional information Section 96(1)(b) of the Income Tax Act (Cap. 134, 2014 Rev. Ed.)
- MAS
- Media Releases
Last revised date:
- Singapore, 24 April 2017…The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing
- Chua Kim Leng (MAS) 2. 4. 3. Steering Group Members DBS Bank Ltd 1. United Overseas Bank Ltd Oversea-Chinese Banking Corporation Ltd Citibank N.A.
- The Steering Group is co-chaired by CAD and MAS, and comprises eight banks and the Association of Banks in Singapore.1 It will identify and prioritise the key ML/TF risks to focus on, and commission various Working Groups to study these risks further.
- MAS
- Bond and Bills
Last revised date:
- MAS will calibrate issuance sizes to facilitate an efficient and liquid secondary market.
- If MAS decides not to conduct a mini-auction, it will make the announcement one month before what would otherwise have been the issuance date. Should MAS decide to conduct a mini-auction, it will announce the bond to be re-opened one month before its issuance date.
- The 2021 SGS issuance calendar has been published on the MAS website 2 In the past five years, outstanding SGS bonds have grown steadily at an average rate of around 7% per annum.
- MAS
- Bond and Bills
Last revised date:
- The 2021 SGS issuance calendar on the MAS website has been updated issuance (https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar). 2 28 September 2021.
- 3 AUGUST 2021 INAUGURAL SGS (INFRASTRUCTURE) NA21200W ISSUANCE ON 1 OCTOBER 2021 MAS will issue the first Singapore Government Securities (SGS) under the Significant Infrastructure Government Loan Act (SINGA) on 1 October 2021.
- (c) MAS will calibrate the overall issuance of SGS (Infrastructure) and SGS (Market Development) holistically, so that overall supply would be sufficient to cater to prevailing investor demand and market conditions. 2 3