Showing 5563 Documents for "MAS"
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- Parliamentary Replies
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- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- Matchups are also encouraged during the annual Singapore FinTech Festival. c) Third, MAS and EDB have supported the Wealth Management Institute’s Global-Asia Family Office Circle, which aims to encourage family offices here to make co-investments in companies as well as develop strategies in areas such
- Local investments may include equities listed on Singapore exchanges, private equity investments in unlisted Singapore-incorporated companies or qualifying debt securities. b) Second, MAS and Enterprise Singapore have set up a number of platforms to connect local companies to potential investors, including
- MAS
- Exemptions
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- The exemption was granted as a MAS-licensed REIT manager would be subject to regulation and supervision comparable to that applied to an MAS-licensed fund manager. 1 2 Exemption from the requirement for a restricted schemes manager to be licensed or regulated to carry out
- TO SECTION 337(2) OF THE SECURITIES AND FUTURES ACT (CAP. 289) (SFA) For the period from 1 July 2016 to 30 September 2016 S/N Exemption granted Exemption No. of exemptions provided 1 provision Section 306(1) of the SFA Description Date of exemption granted 13 July 2016 MAS
- Exemption from the requirement to hold a Capital Markets Services (CMS) 1 Section 99(1)(h) of the SFA, read 19 Sep 2016 MAS granted an exemption to a Financial Adviser (FA) from the requirement to hold a CMS licence for dealing in securities in respect of their transmission
- MAS
- Media Releases
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- Singapore, 29 December 2021…The Monetary Authority of Singapore (MAS) today announced new initiatives to expand and strengthen financial cooperation between Singapore and China, particularly in capital markets and green finance.
- Green Finance – MAS and the People’s Bank of China (PBC) will explore deeper public-private sector collaboration in green finance, particularly in key areas, such as taxonomies and green FinTech.
- Clearer definitions for classifying economic activities will help catalyse greater financing flows to green and transition projects in Asia. 3 Mr Leong Sing Chiong, MAS Deputy Managing Director (Markets and Development), said, “Strong financial cooperation between China and Singapore has supported greater
- MAS
- Enforcement Actions
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- Singapore, 19 March 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against four former insurance agents and two former bank employees for fraud and dishonest conduct.
- The orders took effect from 18 March 2020. 3 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “MAS expects representatives of our financial institutions to act with honesty and integrity at all times.
- Such dishonest behaviour has no place in Singapore’s financial industry and MAS will take action to exclude individuals who commit such acts from the industry.” 12-year POs issued against Mr Poh Kim Chuan 4 Mr Poh is prohibited for a period of 12 years from (i) providing any financial advisory services
- MAS
- Speeches
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- MAS will review the level of funding at the end of this period. I hope that the industry will make full use of this co-funding scheme to raise the competencies of their employees.
- As the FICS is a key pillar in upgrading the workforce capabilities of our financial sector, I am happy to announce that MAS will make available to our financial institutions a funding scheme under the Financial Sector Development Fund (FSDF).
- To address such immediate needs, before the Institutes of Higher Learning are able to modify their curriculum, I am pleased that the IBF will partner MAS and the industry to launch the Finance Preparatory Scheme. 16 Under this Scheme, financial institutions can sponsor their new hires to undergo a
- MAS
- Speeches
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- In this regard, the MAS has launched scholarship programs that will co-fund masters programs in risk management, financial engineering and actuarial science.
- Working with industry players, the MAS has been facilitating several manpower development and talent attraction initiatives. Let me highlight these initiatives. 13 Firstly, on raising competencies.
- Developing Insurance Expertise 12 MAS is cognisant of these challenges. We have placed significant importance on attracting and developing our manpower resources, both in terms of numbers and depth of expertise.
- MAS
- Speeches
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- MAS' tactical activities in the forex markets must necessarily remain opaque in order to be effective.
- MAS sets a target band for the exchange rate, which it assesses to be consistent with Singapore's economic fundamentals.
- During this crisis, MAS has managed the S$ with greater flexibility and widened the target band, because of the volatility and uncertainty in financial markets.
- MAS
- Speeches
Last revised date:
- Distinguished Guests Ladies and Gentlemen 1 Welcome to the MAS Evening at Art Singapore. 2 This is the first time that MAS is holding such a "client servicing" event.
- If you hear anything that is market sensitive in the buzz tonight, it will not be from MAS. 7 I wish you all an enjoyable evening.
- Even when we engaged consultants, we still conducted reality checks of their recommendations with industry participants like you. 5 I hope that as we work together, we will deepen the relationship and rapport between the MAS and the private sector.
- MAS
- Parliamentary Replies
Last revised date:
- has therefore lifted the outright prohibition on rebates contained in MAS Notice 304.
- were appropriate for the clients. 2 The MAS discourages the use of rebates by any life insurance adviser as the basis for his recommendation to any policyholder.
- Answer 1 The prohibition on rebates under MAS Notice 304 was introduced in the 1990s to prevent life insurance agents or brokers from rebating, or offering to rebate, any part of their commissions as an "inducement" to clients to purchase life insurance policies, without assessing whether the policies
- MAS
- Parliamentary Replies
Last revised date:
- MAS has been engaging BNPL providers and has been reviewing the experience in other jurisdictions where such schemes are more prevalent. ***
- MAS is nonetheless assessing whether a regulatory framework is necessary to guide the evolution of BNPL schemes as they become more widely used in Singapore. This could include adoption of fair dealing practices by BNPL schemes.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. “Buy Now Pay Later” or BNPL schemes allow consumers to pay for their purchases via instalments. 2. Currently, BNPL schemes do not pose significant risk to household indebtedness.