Showing 5563 Documents for "MAS"
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- MAS
- Circulars
Last revised date:
- Informs direct life and composite insurers on amendments to MAS Notice 321 - Direct Purchase Insurance Products. 2 Circular No.
- in the Annex to Appendix A of MAS Notice 321 (the Notice), and the 30 CIs follow the respective names and definitions as set out in the Life Insurance Association (LIA)s CI Framework 2014 published on 18 November 2014.
- ID 31/20 20 August 2020 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam AMENDMENTS TO MAS NOTICE 321 Currently, the Critical Illness (CI) rider attached to a Term Life Direct Purchase Insurance Product (DPI) or Whole Life DPI covers the 30 CIs listed
- MAS
- Letters to Editor
Last revised date:
- Dawn Chew Director (Corporate Communications) Monetary Authority of Singapore
- We thank Mr Goh Yong Chua for his suggestion of 5 May 2023 that the Monetary Authority of Singapore (MAS) raise the individual limit of $200,000 for the Singapore Savings Bond (SSB) programme. 2 The SSB programme was launched to promote greater participation in the Singapore Government Securities (SGS
- SSBs allow bond holders to earn a higher interest the longer the bonds are held, and yet get their money back in any given month with no penalty. 3 MAS set the individual limit to ensure that more individuals have access to SSBs, and for SSBs to complement other savings and investment options as part
- MAS
- Speeches
Last revised date:
- One way that MAS does this is through the International Postings Programme, or iPOST in short, which supports FIs to send Singaporeans on overseas postings. i.
- Over the years, our financial institutions (FIs), with support from MAS and other industry partners, have grown the sector by many folds and created good jobs for our people. i.
- MAS will be expanding the iPOST to support more Singaporeans to work overseas, especially in other Asian countries. i. Asia is an important market for many FIs, and we want to more aggressively grow our own timber - pool of talent with Asian acumen. ii.
- MAS
- Parliamentary Replies
Last revised date:
- Following a review of the project schedule, MAS decided that the middle of this year was a more realistic target date for implementation.
- Answer: (a) MAS is in the final stages of testing the Real Time Gross Settlement (RTGS) System. We are currently conducting an Integrated Test of the System involving all participating banks.
- Issues Raised in Parliament DPM's replies to parliamentary question: Real Time Gross Settlement System For Parliament Sitting on 20 Apr 98 Question: To ask the Deputy Prime Minister (a) what is the status of the Real Time Gross Settlement System at the Monetary Authority of Singapore; (b) what caused
- MAS
- Letters to Editor
Last revised date:
- Dear Sir, I refer to the letter 'Do away with switching fees' (Streats, 1 Nov 04). 2 MAS does not interfere in commercial decisions by fund managers. It is neither practicable nor desirable for MAS to prescribe the terms and conditions, including fees, that govern commercial transactions.
- The alert is available on the MAS consumer website. 6 Investors should consider carefully whether the costs associated with a switch would outweigh any potential benefits. Yours sincerely, Angelina Fernandez Director (Communications)
- It is an offence under the FAA for a financial adviser or its representatives to engage in switching activities that are detrimental to the interest of consumers. 5 MAS' recently issued guidelines on the switching of designated investment products provide direction to financial advisers on the controls
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) is co-sponsoring the Forum with Deutsche Bank, in support of greater dialogue on key economic policy issues among academics and policymakers. 2 The Monetary Policy Forum tomorrow will see a stimulating debate and discussion on key monetary policy issues.
- He will exchange views with MAS economists on Singapore's monetary policy framework and other macroeconomic issues. *** 1 The Singapore Economic Review Conference is organised to mark the 50th year of the Review's publication, and in conjunction with the National University of Singapore's Centennial
- McCallum (Carnegie Mellon University), Professor Ronald McKinnon (Stanford University), Professor Stephen Grenville (Australian National University), Dr Mark Spiegel (Federal Reserve Bank of San Francisco), Professor Basant Kapur (National University of Singapore). 3 Professor Prescott will call on MAS
- MAS
- Media Releases
Last revised date:
- Singapore, 23 April 2003...The Monetary Authority of Singapore (MAS) invites public comment on two consultation papers released today on proposed amendments to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA) respectively.
- MAS will also seek comment on these reviews and the draft amendments to the Acts at a later date. 4 We would like to invite comments on the two draft Amendment Bills by 22 May 2003. The consultation papers may be found at MAS' website at www.mas.gov.sg .
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 3 May 2018… The Monetary Authority of Singapore (MAS) has issued a 4-year prohibition orders against Mr Lim Fang Wee. 2 The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers
- the FAA and took effect from 30 April 2018. 5 Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS, said: “The financial industry is the first line of defence in detecting suspicious transactions.
- Mr Lim was responsible for servicing these three accounts and was aware that the individuals listed as beneficial owners in the bank’s records were in fact nominees. 4 The prohibition orders against Mr Lim were issued by the MAS pursuant to section 101A(1)(ca) of the SFA, and section 59(1)(bb) of
- MAS
- Media Releases
Last revised date:
- The Dialogue was chaired by Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), and Ms Katharine Braddick, Director General (Financial Services) of HM Treasury, and attended by the British High Commissioner to Singapore, Scott Wightman, and senior officials from
- MAS, HM Treasury, the Financial Conduct Authority (FCA), Department for International Trade and the Foreign and Commonwealth Office. 3.
- countries, and welcomed the industry roundtable that will take place on 8 September 2017 for industry leaders to discuss topics of mutual interest, as well as to strengthen private sector collaboration. 1 As part of the FinTech Bridge, a Co-operation Agreement on FinTech was signed between the FCA and MAS
- MAS
- Letters to Editor
Last revised date:
- The Monetary Authority of Singapore (MAS) has stepped up its efforts on this front in recent years through MoneySENSE, the national financial education programme.
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- MAS will continue to enhance its financial education initiatives and partner grassroots organisations to reach a wider audience.