Showing 4566 Documents for "economic issues"
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- MAS
- Circulars
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- Sets out the implementation timeline for revised insurance returns. Circular No. ID 13/17 15 December 2017 Chief Executives All Insurers Dear Sir/Madam REVIEW OF INSURANCE RETURNS IMPLEMENTATION TIMELINE We refer to Circular No. ID 03/16 dated 28 June 2016. 2 The Monetary Authority of Singapore (MAS) issued its response to feedback received on a consultation paper on the review of insurance returns on 28 June 2016. The response paper
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 30 May 2023… The Monetary Authority of Singapore (MAS) has issued 2-year prohibition orders (POs) against Ms Madison Lin (formerly known as Ms Lin Pei Li), a former representative of Standard Chartered Bank (Singapore) Limited (SCB) . The POs were issued following her conviction in the State Courts for 1 count of forgery. 2 Under the POs, which took effect from 30 May 2023, Ms Lin is prohibited from performing any regulated activity and from taking part in the management, acting as a director
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Review of Banking Act (212.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on the Review of the Banking Act (536.6 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON REVIEW OF THE BANKING ACT 1 Introduction 1.1 On 28 November 2013, MAS issued a public consultation paper (the Consultation Paper) on proposed amendments to the Banking Act (BA). The consultation closed on 15 January 2014, with feedback received from
- MAS
- Notices
Last revised date:
Notice 319 Valuation of Policy Liabilities of Life Business [Cancelled with effect from 31 Mar 2020]- Requirements and guidelines on the valuation and reporting of policy liabilities. This notice applies to all insurers licensed to carry on life business, except captive insurers. It sets out: Mandatory requirements on the valuation of policy liabilities relating to the life business. Guidelines on valuation of policy liabilities relating to the life business. Amendment Notes 05 Mar 2020 MAS 319 dated 24 Aug 2004 (416.4 KB) take effect from 31 Mar 2020 22 Apr 2013 Notice 319 (Amendment) 2013 (78.5
- MAS
- Media Releases
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- Singapore, 4 April 2005...The Monetary Authority of Singapore (MAS) today launched the 2005 Sterling Silver Proof Coin Set. This set features the conservation of Natural Landscape as its theme. Minted in 925 silver proof condition, the set consists of 5¢, 10¢, 20¢, 50¢, $1 coins and a 12-sided scallop-edged $5 coin. 2 The set includes a cupro-nickel ingot that features the Sungei Buloh Wetland Reserve, a 130-hectare haven to 800 species of flora and fauna, Peirce Reservoir, Singapore's protected
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 July 2018… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders against Ms Chan Seet Fun for the misappropriation of client monies. 2 The orders prohibit Ms Chan from providing any financial advisory service and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers Act. Ms Chan is also prohibited from carrying on business as, and taking part in the management
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 31 July 2018 … The Monetary Authority of Singapore (MAS) has issued a 5-year prohibition order (PO) against Mr Alan Tay Yeow Kee. Mr Tay will be prohibited from carrying out any regulated activities and from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital market services firm under the Securities and Futures Act (SFA). 2 Mr Tay was a Vice President of CIMB Bank Berhad (CIMB). 1 In 2011, he arranged for another person to purchase
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 24 February 2022… The Monetary Authority of Singapore has issued a five-year prohibition order (PO) against Ms Zeng Xuan, a former representative of Oversea-Chinese Banking Corporation Limited, following her conviction in the State Courts for an offence involving fraud and dishonesty. 2 Ms Zeng is prohibited from providing any financial advisory service, and from taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm licensed
- MAS
- Letters to Editor
Last revised date:
- We refer to Mr Daryl Yang Wei Jian's letter, "Explain delays in issuing insurance fair practice guidelines" (March 9). The Ministry of Social and Family Development (MSF) and the Monetary Authority of Singapore (MAS) are committed to ensuring that persons with disabilities are treated fairly when seeking insurance coverage. In recent years, we have actively engaged relevant individuals and medical experts, disability groups, and the insurance industry to advance this objective. MAS has made clear
- MAS
- Media Releases
Last revised date:
- Singapore, 24 July 2018… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders against Ms Chan Seet Fun for the misappropriation of client monies. 2 The orders prohibit Ms Chan from providing any financial advisory service and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers Act. Ms Chan is also prohibited from carrying on business as, and taking part in the management