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- Media Releases
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- Singapore, 28 March 2003....The Monetary Authority of Singapore (MAS) today issued revised Property Fund Guidelines to give property funds more flexibility in managing their capital structure and to enhance risk disclosure in the prospectuses of such funds. 2 Under the revised guidelines, a property
- A copy of the guidelines and a summary of the public consultation are available on the MAS website at www.mas.gov.sg . ***
- This recognises that a property fund may be able to support a higher level of borrowing and also keep its risk of default in check. 5 In formulating the new guidelines on borrowing and disclosure, MAS considered feedback from its public consultation in December last year.
- MAS
- Media Releases
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- Singapore, 3 July 2002& The Monetary Authority of Singapore ("MAS") today released a consultation paper on the proposed capital framework for capital markets services (CMS) licence holders under the Securities & Futures Act 2001 (SFA) who are not members of Singapore Exchange Securities Trading Limited
- The consultation paper is available on MAS' website under 'Statutes, Regulations and Notices' => Securities and Futures Act , Financial Advisers Act '. 4 The consultation closes on 24 July 2002. ***
- This will be aligned with the modular nature of the CMS licence, which will permit an intermediary to provide one or different combinations of regulated activities with a single licence. 3 MAS had announced on 17 April 2002 the introduction of a risk-based capital framework for CMS licence holders,
- MAS
- Enforcement Actions
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- Pursuant to section 101A(1)(d)(i) of the SFA, MAS has issued a prohibition order against Mr Lau.
- MAS has issued a prohibition order against Mr Lau Chee Heong (“Mr Lau”), an appointed representative with RHB Securities Singapore Pte Ltd (“RHB”), which prohibits Mr Lau from: (a) conducting business in any regulated activity under the Securities and Futures Act (Cap. 289) (“SFA”); and
- (b) taking part in the management of any holder of a capital market services licence or any person exempt from holding a capital market services licence under section 99(1) of the SFA, for a period of two (2) years with effect from 7 September 2015. 2 MAS has reason to believe
- MAS
- Media Releases
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- Bandar Seri Begawan, 12 May 2018… The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. 2 The FinTech CA will facilitate the
- It will also establish a framework for both authorities to provide support for FinTech companies to better understand the regulatory regime and opportunities in each jurisdiction. 3 Beyond the FinTech CA, AMBD and MAS will also work together to enhance the retail payment ecosystem between Brunei
- Halimah and His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam. 5 Signing on behalf of AMBD was Managing Director Yang Mulia Yusof bin Hj Abd Rahman of AMBD, while MAS
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) today launched the 18th MAS-ESS Essay Competition. The aim of this year’s competition is to encourage debate on issues related to sustainability in the context of climate change.
- The terms and conditions as well as entry forms for the MAS-ESS Economic Essay Competition are available on the ESS website ( http://www.ess.org.sg ). ***
- MAS
- Media Releases
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- Singapore, 3 November 2020… The Monetary Authority of Singapore (MAS) announced today that it plans to discontinue the issuance of the $1,000 note from 1 January 2021.
- MAS will make available sufficient quantities of other denominations, in particular the $100 note which is the next highest denomination after the $1,000 note, to meet demand. 4 MAS encourages everyone to use electronic payments such as PayNow and FAST.
- MAS
- Media Releases
Last revised date:
- Singapore, 26 May 2009...The Monetary Authority of Singapore (MAS) has released a consultation paper on a proposal to amend the Property Fund Guidelines to mandate that REITs hold Annual General Meetings (AGMs). 2 The proposed amended guidelines will apply to all REITs which are regulated as Collective
- In line with SGX’s rule on the timing of AGMs for other listed issuers, REITs will have to hold their AGMs within 4 months from their financial year end. 3 MAS has considered the following merits in mandating AGMs for REITs: (i) Mandatory AGMs will enhance corporate governance for REITs by providing
- (ii) AGMs will provide a regular opportunity for REIT managers to seek general mandates from unitholders for issuance of new units and thus accord greater flexibility for equity raising. 4 MAS invites interested parties to give their views and comments on the proposals contained in the Consultation
- MAS
- Media Releases
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- Myanmar…3 February 2015 … The Central Bank of Myanmar (CBM) and the Monetary Authority of Singapore (MAS) today announced that they will enter into a Memorandum of Understanding (MOU) to strengthen bilateral cooperation. The MOU was agreed during a meeting between Emeritus Senior Minister Mr.
- Goh, who is also senior advisor to MAS, said, "As an emerging ASEAN economy, Myanmar is well placed to tap on Singapore's global financial linkages and expertise to develop its financial markets.
- U Kyaw Kyaw Maung in Nay Pyi Taw, Myanmar. 2 Under the proposed MOU, MAS and CBM will cooperate on banking supervision and capacity building. The MOU reflects longstanding bilateral relations that have deepened in recent years.
- MAS
- Media Releases
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- The receivers have informed MAS that they have retained senior lawyers in the relevant jurisdictions to provide advice to protect noteholders’ interests.
- The expenses will be refunded to the distributors from any proceeds of enforcement in the usual manner. 3 MAS welcomes the move by the distributors to help vigorously defend noteholders’ legal rights.
- MAS will also continue to consult with our legal and financial advisers, Mr Davinder Singh, Senior Counsel, and Deloitte & Touche Corporate Finance Pte Ltd on the implications of the legal issues raised by the lawyers representing Lehman Brothers. ***
- MAS
- Parliamentary Replies
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- MAS is currently working with the PBC to operationalise the working of the swap line. ***
- Mr Lim Hng Kiang, Minister for Trade and Industry and Deputy Chairman: 1 Under the arrangement, the Monetary Authority of Singapore (“MAS”) and the People’s Bank of China (“PBC”) will exchange Singapore dollars for Chinese Yuan.
- Date: For Parliament Sitting on 16 September 2010 Name and Constituency of Member of Parliament Mr Teo Siong Seng, Nominated Member of Parliament Question To ask the Senior Minister (a) if he will provide details of the S$30 billion currency-swap agreement between the People's Bank of China and the Monetary