Showing 4566 Documents for "economic issues"
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- MAS
- Letters to Editor
Last revised date:
- Dear Sir, I refer to "Firms not keen to put profit estimates in IPO prospectus" (ST, 2 October 2004). 2 While MAS agrees that a responsibly prepared profit forecast can provide useful information to investors about the issuer's future financial performance, a forecast that is not based on reasonable grounds can be misleading. Without some constraints, issuers have strong incentives to inflate forecast figures in their prospectuses to boost subscriptions. This is why some jurisdictions, such
- MAS
- Media Releases
Last revised date:
- Singapore, 12 May 2005...The EMEAP 1 has appointed private sector fund managers for the Asian Bond Fund 2 (ABF2). 2 On 16 December 2004, the EMEAP announced that US$2 billion ABF2 would comprise an ABF Pan-Asian Bond Index Fund (PAIF) and eight Single-market Funds. The PAIF is a US$1 billion single bond fund investing in sovereign and quasi-sovereign local currency-denominated bonds issued in the eight EMEAP markets. The eight Single-market Funds totalling US$1 billion will each invest in sovereign
- MAS
- Parliamentary Replies
Last revised date:
- REPLY TO PQ ON DEPOSIT INSURANCE SCHEME Date : For Parliamentary Sitting on 27 August 2002 Question To ask the Deputy Prime Minister and Minister of Finance, with regard to the Monetary Authority of Singapore's proposed deposit insurance scheme, (a) who will be appointed to manage the scheme; and (b) how have other countries operated similar schemes, especially with regard to best practices needed to avoid possible conflict of interest among bankers and banking supervisors who may be represented
- MAS
- Media Releases
Last revised date:
- Singapore 8 August 2002. The Monetary Authority of Singapore (MAS) today issued transitional regulations under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The regulations set out procedures for migration to the new SFA and FAA regulatory framework of intermediaries registered and licensed under the Insurance Intermediaries Act (IIA), Securities Industry Act (SIA) and the Futures Trading Act (FTA). 2 The SFA and the FAA will be fully implemented by the end of September
- MAS
- Media Releases
Last revised date:
- Singapore, 19 September 2002. The Monetary Authority of Singapore (MAS) today announced that it will be issuing new guidelines for retail hedge funds shortly, by the end of this year. The revised guidelines will enhance disclosure in hedge fund prospectuses and marketing materials and foster the development of the hedge fund industry in Singapore. 2 Speaking at the inaugural Hedge Funds World Singapore conference, Ms Yeo Lian Sim, the Deputy Managing Director (Market Conduct) of MAS, said that
- MAS
- Media Releases
Last revised date:
- Singapore, 5 December 2002. The Monetary Authority of Singapore (MAS) today issued revised guidelines for retail hedge funds. The guidelines take into account public comments and feedback received from an earlier consultation that commenced on 13 August 2002. The new guidelines lower the minimum subscription levels for hedge fund-of-funds (FOHF) and capital protected or guaranteed hedge funds. They also require enhanced disclosures in prospectuses and marketing materials of hedge funds on the
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 28 October 2021… The Monetary Authority of Singapore (MAS) has issued six-year prohibition orders (POs) against Mr Koh Kesheng Stedtson, following his convictions in the State Courts for offences involving dishonesty, namely forgery and cheating. 2 Under the POs, which took effect from 27 October 2021, Mr Koh is prohibited from providing any financial advisory service, or taking part in the management, acting as a director of, or becoming a substantial shareholder of any financial advisory
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 21 December 2017…The Monetary Authority of Singapore (MAS) has issued two prohibition orders against Mr Tey Thean Yang Dennis. Mr Tey will be prohibited for a period of 5 years from: (i) performing any regulated activity, and 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); and (ii) providing any financial advisory services, and taking part in the management, acting
- MAS
- Enforcement Actions
Last revised date:
- The Monetary Authority of Singapore (MAS) has revoked the Capital Markets Services (CMS) Licence of CT Bright Investment Pte. Ltd. (CTBI) with effect from 9 December 2019, due to numerous breaches of MAS’ rules, licence conditions, and failure to comply with MAS’ written direction. CTBI is no longer permitted to carry on business in fund management in Singapore following the revocation. 2 CTBI did not commence fund management activity within six months of licence issuance, and also did not seek an
- MAS
- Media Releases
Last revised date:
- Singapore, 21 December 2017…The Monetary Authority of Singapore (MAS) has issued two prohibition orders against Mr Tey Thean Yang Dennis. Mr Tey will be prohibited for a period of 5 years from: (i) performing any regulated activity, and 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); and (ii) providing any financial advisory services, and taking part in the management, acting