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    • MAS
    • Speeches

    Last revised date:

    • Authority of Singapore (MAS) to make regulations relating to cheque truncation with the approval of the Minister. 
    • MAS intends to prescribe via regulations, the electronic payment information required when a cheque is presented electronically and the particulars contained in an IRD. 16   The Bill has incorporated the various comments that MAS received through consultation with public bodies.
    • the drawer if necessary. 14   Clause 4 amends Section 86 of the Act to clarify that the new cheque truncation provisions in the Act that are applicable to cheques will also apply to other instruments such as cash cheques and banker's drafts. 15   The addition of Section 87C of the Act will allow the Monetary
    • MAS
    • Guidelines

    Last revised date:

    • Monetary Authority of Singapore 3
    • Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) GUIDELINES ON THE CALCULATION OF COUNTERPARTY RISK REQUIREMENT FOR SPECIFIED STRUCTURED WARRANTS UNDER PARAGRAPH 3(2) OF THE THIRD SCHEDULE TO THE SECURITIES AND FUTURES (FINANCIAL AND MARGIN REQUIREMENTS
    • MARKETS SERVICES LICENCES) REGULATIONS (SFR) 1 Purpose of these Guidelines 1.1 These Guidelines on the calculation of Counterparty Risk Requirements for specified structured warrants under Paragraph 3(2) of the Third Schedule to the SFR (these Guidelines) are issued by the Monetary
    • MAS
    • Monetary Policy Statements

    Last revised date:

    • Core inflation better reflects underlying price pressures in the economy and is the most relevant among the range of indicators that MAS monitors for monetary policy. 
    • 14 October 2011 INTRODUCTION 1   MAS re-centred the S$NEER policy band upwards in April this year, with no change to the slope and width of the band, amidst tight factor markets and strong pressures on domestic costs and prices. 
    • With the weak external environment likely to persist, the Singapore economy will expand more slowly in 2012 and growth could be below its potential rate of 3-5%. 5   The MAS measure of core inflation, which excludes private road transport and accommodation costs, stood at 2.2% in Q2 and the first two
    • MAS
    • Speeches

    Last revised date:

    • Let me explain why. 28     MAS worked closely with the banking industry to develop the backend infrastructure, namely FAST and PayNow.
    • This is a standardised QR code, developed by an industry taskforce co-led by MAS and IMDA. All service providers, including e-wallet providers, will have to adopt SG QR for scan-and-pay.
    • FAST would not be possible without ABS and the Singapore Clearing House Association chaired by MAS working together to develop the system. 16     FAST is an infrastructure, upon which we can add features to provide more conveniences.
    • MAS
    • Notices

    Last revised date:

    • . • Reporting PE/VC policies and activities to MAS. Amendment Notes There are no amendment notes for this notice.
    • Overview MAS Notice 1018 29 June 2021 NOTICE TO MERCHANT BANKS BANKING ACT, CAP 19 Private Equity and Venture Capital Investments 1 1.1 This Notice is issued pursuant to section 55(1) as applied by section 55ZJ(1) of the Banking Act (Cap. 19) (the Act) and applies
    • the Banking (Merchant Banks) Regulations 2021; (b) an acquisition or holding of any beneficial interest exceeding 10% of units or other equivalent measures in a trust; 1 The capital requirements for the PE/VC investments of a merchant bank incorporated in Singapore are as set out in MAS
    • MAS
    • Exemptions

    Last revised date:

    • Notice FAA-N13 last revised on 31 December 2015 (296.1 KB) . 07 Oct 2015 MAS Notice FAA-N13 (Amendment) 2015 takes effect. 10 Jun 2014 MAS Notice FAA-N13 (Amendment) 2014 takes effect. 01 Feb 2014 MAS Notice FAA-N13 (Amendment No. 2) 2013 takes effect. 20 Feb 2013 MAS Notice FAA-N13 (Amendment) 2013
    • takes effect. 02 May 2012 MAS Notice FAA-N13 (Amendment) 2012 takes effect. 19 Oct 2011 MAS Notice FAA-N13 (Amendment) 2011 takes effect.
    • Amendment Notes 08 Apr 2020 MAS Notice FAA-N13 (Amendment) 2020 (837.2 KB) takes effect. 08 Oct 2018 MAS Notice FAA-N13 (Amendment No. 2) (1.04 MB) takes effect. 11 Apr 2018 MAS Notice FAA-N13 (Amendment) 2018 (646.1 KB) takes effect.
    • MAS
    • Speeches

    Last revised date:

    • MAS devotes much time and effort to the supervision of insurers and insurance intermediaries.  However, MAS alone cannot raise market standards. 12   Much depends on the industry itself. 
    • Consumer trust in the industry is important, and this requires constant cultivation. 11   As regulators, the Monetary Authority of Singapore (MAS) pays a great deal of attention to improving the standards of market conduct. 
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 18 November 2005...The Monetary Authority of Singapore (MAS) launched the 2006 Year of the Dog Almanac Coins and the Uncirculated Coin Set (5-cent to $5). 2006 Year of the Dog Coins 2.
    • Issue price:  $38.70 (GST inclusive). e) $25 Silver Proof Coin Minted in 5 troy ounce of 999 fine silver, this is the largest coin issued by MAS.  Very low mintage of 250 pieces. 
    • This consists of 5¢, 10¢, 20¢, 50¢, $1 and a 8-sided scallop-edged $5 coin with a latent image of the year-date '2006' and the MAS logo.  The set is presented in a Hongbao pack featuring a dog money bank to encourage the virtue of saving. 
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • Debt capital market : MAS supported new bond and insurance-linked securities issuances through the Global-Asia Bond Grant Scheme In January 2020, MAS announced the expansion of the Asian Bond Grant Scheme to cover all issuers with an Asian nexus, and renamed the scheme as the Global-Asia Bond Grant scheme
    • Build Capabilities, Strengthen Employability MAS extended the enhanced training support measures to encourage financial institutions to continue to build capabilities and strengthen employability of their workforce.
    • To continue to drive growth of the financial sector, MAS and the Institute of Banking and Finance (IBF) worked closely with the industry to build a strong pipeline of specialists, leaders and other talent in the financial services sector.
    • MAS
    • Speeches

    Last revised date:

    • MAS and the People’s Bank of China (PBC) have formed a China-Singapore Green Finance Taskforce.
    • MAS will remain vigilant to any signs of a resurgence of inflation. Even as we remain vigilant on our current challenges, let us not ignore our longer-term imperatives.
    • Chinese corporates which want to issue green bonds can avail themselves of MAS’ grant schemes to help defray the additional costs of third-party verification when issuing green bonds in Singapore.