Showing 4566 Documents for "economic issues"
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- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 19 July 2023… The Monetary Authority of Singapore (MAS) has issued five-year prohibition orders (POs) against Ms Huang Mengting, a former representative of Prudential Assurance Company Singapore (Pte) Limited (Prudential). The POs were issued following Ms Huang’s conviction in the State Courts for cheating offences. Her offences also gave MAS reason to believe that she will not perform financial advisory services honestly. 2 Under the POs, which took effect from 19 July 2023, Ms Huang
- MAS
- Guidelines
Last revised date:
- These Guidelines provide greater clarity on what constitutes the provision of financial advisory service under the Financial Advisers Act by setting out a two-stage test. The first stage involves determining whether the activity in question amounts to providing financial advice. The second stage involves determining whether the person is carrying on a business in such activity. Guidelines on what constitutes the provision of financial advisory service under the Financial Advisers Act. Monetary
- MAS
- Letters to Editor
Last revised date:
- Dear Sir, I refer to "Beware rush of structured deposits " (Business Times, 15 October 2004). 2 MAS has given banks until 1 June 2005 to comply with our recently issued Guidelines on Structured Deposits. This transition period allows time for termsheets and marketing materials to be amended to ensure they disclose all relevant product information including the nature of the investment, risks involved, fees and charges and benefit illustrations under worst case scenarios. Banks might need time
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 6 October 2021… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders (PO) against Mr Lee Chengyi, Adrian, a former representative of Aviva Financial Advisers Pte Ltd, following his conviction for carrying on fund management without a capital markets services licence. 2 Mr Lee is prohibited from performing any regulated activity and from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital markets services licensee
- MAS
- Media Releases
Last revised date:
- Agencies issue Request for Information for e-payment solutions in hawker centres, HDB coffee shops and shops Singapore, 25 August 2017 – The National Environment Agency (NEA), Housing & Development Board (HDB), Monetary Authority of Singapore (MAS) and Smart Nation and Digital Government Office (SNDGO) have jointly issued a Request for Information (RFI) for electronic payment (e-payment) solutions to support micro-payments mainly at hawker centres, HDB coffee shops, and shops in the heartlands. This
- MAS
- Media Releases
Last revised date:
- Singapore, 25 May 2011…The Monetary Authority of Singapore (MAS) today launched The Grandeur of Heritage Orchids Coin Set, a special collection featuring all the orchids found in the popular Heritage Orchids of Singapore Coin Set Series that ended its issue last year. Coin Design 2 This coin set comprises 10 Silver Proof coins, each featuring the same species of orchids in full colour from the Heritage Orchids of Singapore Coin Set Series. Each coin includes the contours of the respective orchid
- MAS
- Media Releases
Last revised date:
- Singapore, 30 October 2015… The Monetary Authority of Singapore (MAS) announced today the details for collecting the two complimentary SG50 notes folders that each Singaporean household is eligible for. Each Singaporean household will receive a collection card via mail by 9 November 2015. Singaporeans can present this card at any Community Centre/Community Club (CC) to collect the folders from 11 to 30 November 2015, including weekends, between 2.00 pm and 9.30 pm. Those who wish to exchange the
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 22 March 2023… The Monetary Authority of Singapore (MAS) has issued a 1-year prohibition order (PO) against Ms Lee Ming Xia Jasmine, an appointed representative of Prudential Assurance Company Singapore (Pte) Limited (PACS). The PO was issued as a result of Ms Lee’s contravention of section 34(1)(a) of the Financial Advisers Act (Cap. 110, 2007 Rev Ed). 2 Under the PO, which will take effect from 22 March 2023, Ms Lee is prohibited from providing any financial advisory service
- MAS
- Guidelines
Last revised date:
- Guidelines for financial institutions on safeguarding the integrity of Singapore's financial system, including the filing of Suspicious Transaction Reports. These guidelines apply to all financial institutions (FIs) in Singapore. They reiterate Singapore's commitment to safeguarding the integrity of its financial system. FIs should guard against the use of their operations to facilitate any illegitimate activity. If they have reason to suspect that any asset transfers into Singapore are illegitimate
- MAS
- Notices
Last revised date:
- This Notice sets out regulatory forms and other administrative matters for payment service providers, operators of designated payment systems and settlement institutions of designated payment systems. Amendment Notes There are no amendment notes for this notice. MAS Notice No.: PSN09 Notice to licensees, operators of designated payment systems and settlement institutions of designated payment systems Payment Services Act 2019 (Act 2 of 2019) Issue Date: 5 December 2019 NOTICE ON