Showing 5563 Documents for "MAS"
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- Parliamentary Replies
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- MAS will also review the need for a policy on managing dormant accounts and unclaimed funds, taking into account practices in other jurisdictions. ***
- Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Account holders are the rightful owners of their funds even when their accounts are considered dormant.
- If a financial institution (FI) has ceased operations in Singapore, it would set up trust accounts with other FIs to hold funds from its dormant accounts for possible claimants. 3 MAS is working with FIs on ways to trace and encourage holders of dormant accounts to come forward and claim their funds
- MAS
- Media Releases
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- Singapore, 16 Aug 2019… It has come to the attention of the Monetary Authority of Singapore (MAS) that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Prime Minister Lee Hsien Loong.
- Please refer to earlier advisories issued by MAS on 31 July 2019 , 29 January 2019 , 19 September 2018 and 18 September 2018 . For more information on cryptocurrencies and cryptocurrency investments, please refer to MoneySense’s consumer alerts .
- MAS
- Circulars
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- MAS will be revising the annual fee for locally-incorporated Recognised Market Operators (RMO) from $10,000 to $20,000. The new fee will take effect from 1 July 2017. Circular No.
- This is the first revision in 12 years since annual fees were introduced in 2005, and is necessary to improve MAS cost recovery. 2 Review Officers from the Markets Policy and Infrastructure Department.
- the Securities and Futures (Markets) Regulations REVISION OF ANNUAL FEES FOR LOCALLY-INCORPORATED RECOGNISED MARKET OPERATORS UNDER THE SECOND SCHEDULE OF THE SECURITIES AND FUTURES (MARKETS) REGULATIONS WITH EFFECT FROM 1 JULY 2017 We wish to inform you that MAS
- MAS
- Media Releases
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- Singapore, 28 October 2004...The Monetary Authority of Singapore (MAS) has published a public consultation paper (58.4 KB) with proposals on the setup of a Financial Industry Disputes Resolution Centre (FIDReC).
- The Centre will provide consumers with an independent and affordable avenue for resolving retail disputes with financial institutions in the banking, insurance and capital markets sectors. 2 The proposals were made by an Integration Steering Committee formed by the MAS to facilitate the set up of a
- MAS
- Media Releases
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- Bangkok, 15 September 2005...The Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission of Thailand (SEC) today signed a letter of intent (LOI), setting out initiatives for bilateral cooperation in the regional capital market. 2 These initiatives include the establishment
- regulatory cooperation will also complement ongoing efforts of Singapore and Thailand to explore alliance possibilities and strengthen the regional securities market through such tools as the ASEAN Capital Markets Forum and the ASEAN Equity Index Development. 4 The LOI was signed by Shane Tregillis, MAS
- MAS
- Parliamentary Replies
Last revised date:
- They no longer need to consult MAS in either case.
- Answer: 1 Up to now, MAS has not allowed banks to exercise naming rights to buildings, or display their corporate signages on buildings, unless they own at least 50% of the building.
- This is to minimise the risk of depositors misunderstanding that these buildings are assets of the bank, and will be available to meet claims should the bank encounter problems. 2 MAS has reviewed this policy and decided that it is no longer necessary.
- MAS
- Media Releases
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- Industry comments are to reach MAS by 14 Feb 2003.
- An MAS-led workgroup on general insurance today issued a discussion paper and held an industry briefing on developing a risk-based capital framework for the industry.
- The workgroup, which is chaired by MAS, comprises representatives of the Singapore Actuarial Society, the General Insurance Association of Singapore (GIA), the Singapore Reinsurers Association, and the Institute of Certified Public Accountants of Singapore (ICPAS). 3 The proposed framework recommended
- MAS
- Media Releases
Last revised date:
- Singapore, 9 April 2003......The Monetary Authority of Singapore (MAS) invites entries for an open international competition to select designs for the Third Series Chinese Almanac coins, which will be issued yearly from 2005 to 2016.
- Entries are invited from the general public. 2 MAS has since 1981, been issuing coins based on the 12 animals in the Chinese Almanac. To date, two series of the Almanac coins have been issued.
- MAS
- Media Releases
Last revised date:
- Singapore, 14 February 2020 … The Monetary Authority of Singapore (MAS) welcomes the recent announcements from banks and insurers in Singapore to support their customers who may be facing financial difficulties brought about by the impact of the ongoing 2019 novel coronavirus (COVID-19) outbreak. 2
- Some insurers have extended additional benefits to life insurance policyholders diagnosed with COVID-19, such as complimentary lump sum payments upon diagnosis, as well as daily cash payment for the duration of hospitalisation. 4 MAS supports these efforts by financial institutions to work constructively
- MAS
- Media Releases
Last revised date:
- Singapore, 25 May 2017…The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome the publication of the FX Global Code (the Code), a single global code of conduct for
- BOK, HKMA, MAS, RBA, RBI strongly support the principles of good practices within the Code and will be engaging local market participants to promote adherence to the Code.