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- MAS
- Consultations
Last revised date:
- , it would need to establish a physical presence in Singapore and apply for a CMS licence.
- Response VIEW DOCUMENT Response to Feedback Received on Amendments to Securities and Futures Exemption from Requirement to Hold Capital Markets Services Licence Regulations (331.1 KB) Annex 1 Draft Amendments to Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence
- Accordingly, MAS intends to exempt Remote Clearing Members which clear futures contracts on Singapore-based CCPs from the requirement to hold a Capital Markets Services (CMS) licence in respect of trading in futures contracts under the Securities and Futures Act
- MAS
- Consultations
Last revised date:
- a CMS licensees capital base is not immediately captured in the limits.
- That is, a CMS licensee would have to measure its exposures against its current FFR on a daily basis. 3.3 following exposure limits: Under this new approach, a CMS licensee has to comply with the The aggregate amount of financing that a CMS licensee may extend to all customers
- Markets Services Licences) Regulations 2002 (the Regulations) prescribe risk-based capital requirements and conduct of business limits for securities financing activities undertaken by Capital Markets Services (CMS) licensees.
- MAS
- Consultations
Last revised date:
- the risk profile of the CMS licensee.
- Group 1: Holders of a CMS licence and their representatives 6.2 CMS licensees which also deal in OTC derivative contracts will be required to submit an application for variation of their CMS licence to add the requisite derivative contracts to their licence.
- On the other hand, for entities concurrently holding a commodity brokers licence under the CTA and a CMS licence which covers dealing in financial derivatives under the SFA, their existing CMS licence will be migrated to a CMS licence which cover dealing in both financial and commodity
- PDPC
- Commission's Decisions
Last revised date:
- Implemented a new password policy and two-factor authentication for all Magento CMS user accounts; (e) Implemented session management; (f) Reviewed its Magento CMS access permissions, refined the scope of roles, and limited the number of users with Magento CMS accounts; (g)
- First, the external actor accessed and modified the Organisations Website via API calls to Magento CMS (as opposed to via the GUI of Magento CMS), which made the attack a sophisticated one.
- it had adopted these default settings as its password policy for its Magento CMS accounts (the Magento Password Policy).
- MAS
- Notices
Last revised date:
- This notice applies to capital markets services (CMS) licensees, and banks, merchant banks, finance companies and insurers which conduct the regulated activity of dealing in capital markets products with respect to contracts for differences for, by arrangement with, or on behalf of, a customer.
- or on behalf of, a customer; -------- customer, in relation to a CMS licence holder or an exempt financial institution, means: a person on whose behalf the CMS licence holder or exempt financial institution, as the case may be, carries on or will carry on any regulated activity; or any other
- REQUIREMENTS ON RISK FACT SHEET 6 Subject to paragraph 7, a CMS licence holder or an exempt financial institution must not open a trading account for a customer to transact in contracts for differences unless the CMS licence holder or the exempt financial institution, as the case may be,
- MAS
- Consultations
Last revised date:
- This takes into account the greater systemic risk posed to CMS licensees in lending securities to accredited investors.
- Two respondents also highlighted that as the lender of the securities is the person ensuring that the collateral is adequate, there is less reason for removing the exemption for situations where capital markets services (CMS) licensees borrow securities from accredited investors.
- (See Annex A) While both insurers and CMS licensees are allowed to recognise as Collateral assets such as cash and Singapore Government Securities, only CMS licensees are permitted to recognise as Collateral letters of credit and bank guarantees, marginable securities quoted
- MAS
- Consultations
Last revised date:
- Exempted from holding CMS licence.
- only CFB licenses and not also CMS licenses).
- If a Group 4 broker is required to be licensed as a CMS licensee 2.3.20 Application for CMS licence. The entity would be required to submit the application for a CMS licence at least three months prior to the Transfer Date .
- MAS
- Consultations
Last revised date:
- Accordingly, holders of the CMS licence [CMS licensees] or FIs exempted from holding the CMS licence [Exempt FIs or EFIs] such as banks offering CFDs/LFX [collectively referred to as derivative dealers] are subject to the applicable business conduct requirements under the SFA and its
- million for CMS licence applicants applying to deal in unlisted derivatives with retail investors.
- markets services licence [CMS licensees] and financial institutions exempted from holding the CMS licence1 [EFIs], such as banks and merchant banks, offering unlisted margined derivatives to retail investors [collectively referred to as derivative dealers].
- MAS
- Consultations
Last revised date:
- a new licence to the holder of a capital markets services licence
- (1) An employee of (a) the holder of a capital markets services licence for dealing in securities; (b) the holder of a capital markets services licence for trading in futures contract; or (c) the holder of a capital markets services licence for leveraged foreign exchange trading, (d) a person
- Section 84 (3) For every application for a capital markets services licence 2.
- PDPC
- Commission's Decisions
Last revised date:
- to promptly remove unused accounts from the CMS system, the unused administrative CMS account with the user name ‘admin’ and a weak password of ‘admin’ remained in the CMS for about one year after Mrs G had left Finantech.
- K Box’s CMS stored and processed the personal data of its members. The CMS system also utilised FCKEditor – a software library component which allowed the user to input formatted text.
- In this regard, while K Box had outsourced the developing, hosting and managing of its CMS system to Finantech, it was still the data controller and was ultimately responsible for the security of the CMS system. 29.