Showing 5563 Documents for "MAS"
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- Media Releases
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- Singapore, 17 June 2019… The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against Mr Paris Michele for dishonest conduct.
- MAS’ investigation found that Mr Michele had falsified emails on such background checks. 5 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “Financial services professionals play a pivotal role in maintaining Singapore’s status as a responsible and trusted
- MAS
- Media Releases
Last revised date:
- 26 October 1999...The Monetary Authority of Singapore (MAS) today issued two new sets of guidelines to regulate capital guaranteed funds, as well as futures and options funds sold to retail investors in Singapore.
- The MAS has also incorporated Practice Directions Nos. 1 to 6 into the Handbook.
- MAS said that both sets of guidelines are in line with international practice and were formulated after taking into account comments received from the local fund management industry.
- MAS
- Speeches
Last revised date:
- MAS is still studying the matter. We are considering streamlining our securities and futures legislation, and combining both into a single omnibus Act.
- Besides this, the Bill proposes a new section 21A which gives MAS the authority to issue written notices to holders of licences under the Futures Trading Act.
- The Bill also proposes to amend some of the current provisions concerning the fidelity fund in order to extend the coverage of the fund to include the financial default of members of the Exchange that are licensed by MAS.
- MAS
- Media Releases
Last revised date:
- MAS appointed a Committee on Banking Disclosure last year, which will recommend changes to bring local bank disclosure standards in line with developed countries.
- For the Singapore dollar REER, MAS concurs with the IMF that it declined slightly, because our unit labour cost increased by less than those of our competitors. There-fore overall our competitiveness improved.
- MAS' own computations show that the Singapore dollar NEER appreciated slightly in 1997, especially after July. Singapore's strong economic fundamentals protected the Singapore dollar from depreciating to the same extent as the other regional currencies.
- MAS
- Media Releases
Last revised date:
- Singapore, 16 December 2021… The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have launched a joint investigation into a syndicate suspected of operating pump-and-dump scams on stocks listed on the Hong Kong Stock Exchange, in contravention
- MAS and CAD continue to receive reports of victims falling prey to pump-and-dump scams involving overseas stocks. We share relevant information with overseas authorities and will continue to work closely with them to detect and deter such scams.
- Please refer to past advisories Police advisory on pump-and-dump scams involving overseas listed companies ; MAS media release on risks related to trading incited by online discussions ; SGX warns public on pump-and-dump activities on pump-and-dump scams for more information.
- 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.
- He was sentenced to a total of 16 weeks’ imprisonment. 1 4 The prohibition orders against Mr Tey were issued by the MAS pursuant to section 101A of the SFA and section 59 of the FAA and took effect from 21 December 2017. *** Notes to Editor (A) Section 201(a) of the SFA Under section 201(a) of the
- (1) of the SFA, any person who contravenes any of the provisions that prohibit market misconduct, including section 201, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both. 1 Please refer to MAS
- MAS
- Media Releases
Last revised date:
- The temporary measure will be in place until revoked or amended by MAS, SIC and SGX RegCo.
- The Monetary Authority of Singapore (MAS), the Securities Industry Council (SIC) and the Singapore Exchange Regulation (SGX RegCo) wish to announce that listed issuers and parties involved in rights issues and take-over or merger transactions will continue to have the option to electronically disseminate
- extension of the alternative meeting arrangements under the COVID-19 (Temporary Measures) Act 2020. 3 Under the temporary measure The temporary measure is effected through the Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) Regulations 2020 by MAS
- MAS
- Media Releases
Last revised date:
- The temporary measure will be in place until revoked or amended by MAS, SIC and SGX RegCo.
- The Monetary Authority of Singapore (MAS), the Securities Industry Council (SIC) and the Singapore Exchange Regulation (SGX RegCo) wish to announce that listed issuers and parties involved in rights issues and take-over or merger transactions will continue to have the option to electronically disseminate
- extension of the alternative meeting arrangements under the COVID-19 (Temporary Measures) Act 2020. 3 Under the temporary measure The temporary measure is effected through the Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) Regulations 2020 by MAS
- MAS
- Parliamentary Replies
Last revised date:
- MAS nevertheless takes a serious view of any alleged money laundering through Singapore, small or large. 4 MAS’ probe into the specific OCCRP allegations has not been completed. It has thus far not surfaced evidence of major lapses in AML controls at banks in Singapore.
- MAS and Singapore’s law enforcement agencies have been exchanging information and working with their foreign counterparts to investigate suspicious schemes. ***
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 Ms Sylvia Lim asked about an article published by the Organised Crime and Corruption Reporting Project (OCCRP), an international non-governmental organisation (NGO) consortium, on what it dubbed “the Russian
- 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.
- He was sentenced to a total of 16 weeks’ imprisonment. 1 4 The prohibition orders against Mr Tey were issued by the MAS pursuant to section 101A of the SFA and section 59 of the FAA and took effect from 21 December 2017. *** Notes to Editor (A) Section 201(a) of the SFA Under section 201(a) of the
- (1) of the SFA, any person who contravenes any of the provisions that prohibit market misconduct, including section 201, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both. 1 Please refer to MAS