Showing 4566 Documents for "economic issues"
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- MAS
- Parliamentary Replies
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- QUESTION NO 1051 NOTICE PAPER 650 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 September 2021 Name and Constituency of Member of Parliament Mr Don Wee, MP, Chua Chu Kang GRC Question: To ask the Prime Minister whether MAS has any plan to increase measures for licensed payment institutions that issue credit/debit cards to Singaporeans younger than 16 years of age as there is a risk of children utilising the card details to shop for unsavoury items or subscribe to dubious websites.
- PDPC
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- Mediation Mediation as an AlternativeMediation can be a faster and less costly way of resolving disputes, and takes place outside of the PDPC's investigation process and the court process. When individuals and organisations have disputes, they may choose to solve their issues through mediation. When the individual and organisation meet at the mediation table, it could lead to a better understanding of each side’s interests and areas of disagreement. Mediation is successful where the individual
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 February 2021… The Monetary Authority of Singapore (MAS) has issued four-year prohibition orders (POs) against Mr Lau Man Chun, a former representative of an insurance broker, for dishonest conduct relating to the sale of personal accident (PA) policies. The POs issued against Mr Lau took effect from 22 February 2021. 2 Mr Lau is prohibited from (i) providing any financial advisory service, or taking part in the management of, acting as a director of, or becoming a substantial shareholder
- MAS
- Media Releases
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- Singapore, 7 February 2018... The Monetary Authority of Singapore (MAS) has issued new guidance to financial institutions (FIs) on the use of innovative technology solutions to facilitate safe, non-face-to-face customer on-boarding. MAS requires FIs operating in Singapore to implement robust controls when onboarding new customers, e.g. when opening a bank account, to detect and deter money laundering or terrorism financing. MAS already allows FIs to carry out non-face-to-face (NFTF) verification
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 August 2019… The Monetary Authority of Singapore (MAS) has issued Prohibition Orders (“POs”) against the following individuals, who were earlier convicted of insider trading: Name Duration of Prohibition Orders Mr E Seck Peng Simon former representative of UOB Kay Hian Pte Ltd 15 years Mr Leong Chee Wai former representative of First State Investments (Singapore) 15 years Mr Toh Chew Leong former representative of First State Investments (Singapore) 13 years All three POs took effect
- MAS
- Parliamentary Replies
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- QUESTION NO 3678 NOTICE PAPER 2144 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 June 2020 Name and Constituency of Member of Parliament Assoc Prof Walter Theseira , NMP Question: To ask the Prime Minister whether MAS will review if convertible bonds should be issued, marketed, sold or traded to retail investors in light of the complexity and risks associated with these hybrid securities . Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 In regulating
- MAS
- Media Releases
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- Singapore, 16 May 2007...The Monetary Authority of Singapore (MAS) will issue new $5 polymer notes from 18 May 2007. This is the third denomination in the Portrait Series to be converted from paper into polymer. The $5 polymer notes will circulate alongside the $5 paper notes, both of which will remain legal tender. 2 As with the $2 and $10 polymer notes, MAS has retained the portrait series design for the $5 polymer notes as it is familiar to the public. The $5 polymer and paper notes have
- MAS
- Media Releases
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- Singapore, 8 September 2009...MAS has issued the first part of its response to feedback on the proposals in the Consultation Paper on the Review of the Regulatory Regime Governing the Sale and Marketing of Unlisted Investment Products, which was published on 12 March 2009. 2 MAS received supportive and useful feedback from consumers and the industry during our six-week consultation period which ended on 23 April 2009. We have reviewed and considered the feedback and are issuing our response
- PDPC
- Commission's Decisions
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- A warning was issued to Jean Yip Salon for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of personal data of its employees. As a result, the personal data of 28 individuals were accessible over the Internet. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1907-B4281 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Jean Yip Salon Pte Ltd SUMMARY OF THE DECISION
- MAS
- Media Releases
Last revised date:
- Singapore, 23 February 2023… The Monetary Authority of Singapore (MAS) today issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements for corporate finance (CF) advisers CF advisers refer to holders of a capital markets services (CMS) licence and banks, merchant banks and finance companies exempt from holding a CMS licence to undertake the regulated activity of advising on corporate finance. . These requirements raise the standards of conduct of CF advisers