Showing 5563 Documents for "MAS"
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- MAS
- Enforcement Actions
Last revised date:
- Singapore, 30 August 2018… The Monetary Authority of Singapore (MAS) has issued 12-year prohibition orders against Mr Lee Chang Yeh Bentley, under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). 2 The orders prohibit him from performing any regulated activity under the SFA
- MAS will not hesitate to take firm action against those who fall short of the required standards of behaviour. The present case is egregious and a large sum was misappropriated.
- , as well as conducting regulated activities without a licence in contravention of Section 82(1) of the SFA, Mr Lee was sentenced by the State Courts in November 2017 to 4 years and 9 months’ imprisonment, and a fine of S$50,000. 5 Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS
- MAS
- Media Releases
Last revised date:
- Singapore, 30 August 2018… The Monetary Authority of Singapore (MAS) has issued 12-year prohibition orders against Mr Lee Chang Yeh Bentley, under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). 2 The orders prohibit him from performing any regulated activity under the SFA
- MAS will not hesitate to take firm action against those who fall short of the required standards of behaviour. The present case is egregious and a large sum was misappropriated.
- , as well as conducting regulated activities without a licence in contravention of Section 82(1) of the SFA, Mr Lee was sentenced by the State Courts in November 2017 to 4 years and 9 months’ imprisonment, and a fine of S$50,000. 5 Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS
- MAS
- Parliamentary Replies
Last revised date:
- MAS has stepped up efforts to educate both consumers and merchants on using e-payments safely. In addition to general e-payment consumer guides on the MoneySense website, the MAS webpage on SGQR contains safety practices for consumers.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. There are now nearly 5.5 million bank accounts registered with PayNow.
- Launched by MAS and IMDA in 2018, it is the world’s first standard for a unified payment QR code, allowing multiple payment schemes to be combined into a single SGQR label. SGQR’s participating payment schemes include widely used schemes such as PayNow, Dash, FavePay, and GrabPay.
- MAS
- Media Releases
Last revised date:
- MAS expects to establish the CGAC by the end of this year.
- Singapore, 6 August 2018… The Monetary Authority of Singapore (MAS) has accepted all the recommendations by the Corporate Governance Council (Council), and issued the revised Code of Corporate Governance (Code). 2 The revised Code makes clear how companies should adopt the comply-or-explain regime.
- The Council will be dissolved with the issuance of the revised Code. 4 In line with the Council’s recommendations, MAS will establish an independent Corporate Governance Advisory Committee (CGAC) to advocate good corporate governance practices.
- MAS
- Media Releases
Last revised date:
- Singapore, 21 February 2023…The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) today launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI).
- MAS and RBI will review and progressively scale the linkage by increasing the number of participating financial institutions, as well as applicable use cases. 6.
- MAS Managing Director Ravi Menon and RBI Governor Shaktikanta Das executed live cross-border fund transfers to each other from their respective locations in Singapore and India. 3.
- MAS
- Circulars
Last revised date:
- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Circular No.
- If you have any queries on this matter, please contact your MAS officer-in-charge. 4 Yours faithfully KEE RUI XIONG EXECUTIVE DIRECTOR CORPORATE FINANCE & CONSUMERS DEPARTMENT
- Performing two full valuations within a few months may provide limited usefulness. 3 To facilitate the preparation of the interim financial statements in accordance with FRG 3, and taking into account feedback from the industry, MAS will waive the requirement under paragraph 8.3(e) of the PFA.
- MAS
- FAQs
Last revised date:
- Given the prevalence of cyber threats and incidents, MAS expects FIs to adhere closely to the MAS Technology Risk Management Guidelines to secure their online financial services.
- Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) FREQUENTLY ASKED QUESTIONS (FAQs) ON TWO-FACTOR AUTHENTICATION FOR ONLINE TRADING PLATFORMS Disclaimer: The FAQs are meant to provide guidance to the industry on MAS policy and administration of the SFA
- MAS expects industry participants to retain their independent legal counsel to advise them on how their business operations should be conducted in order to satisfy the legal/regulatory requirements and to advise them on all applicable laws of Singapore.
- MAS
- Parliamentary Replies
Last revised date:
- Notwithstanding this, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) are on heightened alert to such activities. 2. Recent events in the US have highlighted the risks of excessive trading driving sharp movements in price.
- Answer by Mr Ong Ye Kung, Minister for Transport, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS and SGX RegCo have recently issued statements advising investors on the risks of trading in securities based on discussions on online forums. Investors should refer to these advisories and be alert to the risks of trading in a volatile market. * * *
- MAS
- Media Releases
Last revised date:
- Singapore, 29 August 2022… Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort.
- Ravi Menon, Managing Director of MAS, said, “The QRIS-NETS QR code payments connectivity is a milestone in ASEAN’s goal to establish regional payments integration by 2025 and support the vibrant cross-border trade corridors within the region.
- This includes the Indonesian Payment System Association (ASPI), RAJA (Rintis, Artajasa, Jalin, and Alto), and NETS. 4 BI and MAS also signed a Memorandum of Understanding (MOU) today to promote the use of local currencies in bilateral transactions such as trade and direct investments.
- MAS
- Guidelines
Last revised date:
- After submission, FIs may view a record of their submission by logging into MAS-Tx .
- FMCs should also continue to take into account MAS Guidelines on Risk Management Practices that provide guidance on general risk management practices for financial institutions supervised by MAS. 1.3 In addition to the liquidity risk management practices set out in these Guidelines
- MAS does not expect FMCs which act as a representative2 for recognised CIS to duplicate the liquidity risk management processes in Singapore.