Showing 4746 Documents for "recognised market operator"
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- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Progress in Engaging a Private Fund Manager to Manage Public Funds For Parliament Sitting on 11 Feb 1999 Question: To ask the Deputy Prime Minister what is the progress in engaging a private fund manager to manage public funds. Answer: 1 The outplacement of public funds to external private fund managers is part of the Government's effort to develop Singapore into a premier asset management hub. It is a catalyst to encourage leading
- MAS
- Media Releases
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- Singapore, 30 September 2002. The official merger of the Board of Commissioners of Currency, Singapore (BCCS) with the Monetary Authority of Singapore (MAS) will take effect from 1 October 2002. The combined entity will still be called MAS. The merger does not affect the legal tender of all notes and coins issued by BCCS. Currency service will continue as usual and will be provided by the new Currency Department in MAS located at Currency House. Mr. Ho Kwen Chan, Executive Director, heads the department
- MAS
- Media Releases
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- Singapore, 28 November 2003... The Monetary Authority of Singapore (MAS) today released a consultation paper on the proposed risk-based capital framework for insurance business and invites public comments. 2 Insurance companies are facing greater challenges in their businesses, particularly in terms of volatility of assets and diversity of insurance risks, as well as keener competition from other financial institutions. While the existing statutory solvency framework has served its purpose well
- MAS
- Enforcement Actions
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- The Monetary Authority of Singapore (“MAS”) withdrew V Wealth Capital Pte Ltd’s (“V Wealth”) status as a Registered Fund Management Company ("RFMC") under section 99(6)(a) of the Securities and Futures Act (Chapter 289) ("SFA") with effect from 20 May 2016. This means that V Wealth will no longer be permitted to carry on business in fund management in Singapore. 2 V Wealth is required to comply with the specific requirements in the SFA and the Second Schedule to the Securities and Futures (Licensing
- 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
- Media Releases
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- Singapore, 7 June 2020… The Monetary Authority of Singapore (MAS) said today that media reports suggesting that there were large flows of deposits from Hong Kong to Singapore were incorrect. While foreign currency deposits in Singapore have grown substantially since the beginning of this year, the order of magnitude is much less than cited in some media reports. The growth in foreign currency deposits has come from diverse sources and for varied reasons. 2 Total foreign currency non-bank deposits
- 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 $5 polymer and paper notes have
- MAS
- Parliamentary Replies
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- QUESTION NO 40 NOTICE PAPER 5 OF 2016 FOR WRITTEN ANSWER Date: For Parliament Sitting on 1 March 2016 Name and Constituency of Member of Parliament Dr Tan Wu Meng, MP, Jurong GRC Question: To ask the Prime Minister what are the measures taken by MAS to ensure that retail banks have adequate provisions of automated teller machines (ATM) in HDB precincts so that residents need not walk significant distances to find an ATM. Answer by Mr Lawrence Wong, Minister for National Development on behalf of Mr
- MAS
- Media Releases
Last revised date:
- Singapore, 7 January 2020… The Monetary Authority of Singapore (MAS) announced today that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019. This comprises 7 applications for the digital full bank (DFB) licences, and 14 applications for the digital wholesale bank (DWB) licences. 2 The new digital bank licences have attracted strong interest from a diverse group of applicants. These include e-commerce firms, technology and telecommunications
- MAS
- Circulars
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- Outlines MAS’ review of MAS Notice 1104 in July 2003. RMD A 4 Vol 7 (RMD Circular No. 34/03) 04 Jul 03 All Merchant Banks in Singapore Dear Sir/Madam MAS NOTICE 1104 - WEEKLY REPORT ON S$ TRANSACTIONS As part of MAS' ongoing review and update of MAS Notices to financial institutions, we have revised MAS Notice 1104. The key changes are as follows:- (a) Returns will be submitted under the Notice on a weekly rather than daily basis; and (b) Only S$ FX transactions of at