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- MAS
- Parliamentary Replies
Last revised date:
- 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
Last revised date:
- 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
Last revised date:
- 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
- Forms and Templates
Last revised date:
- This letter should be sent by the authority directly to the Markets Policy & Infrastructure Department of MAS on a confidential basis.
- legislation, that include and are not limited to the provision of assistance and information to MAS as stipulated in the provisions of the above legislation.
- If there are any changes in the submitted information prior to the completion of the review of this application, the Monetary Authority of Singapore (the Authority) should be notified immediately.
- MAS
- Forms and Templates
Last revised date:
- This letter should be sent by the authority directly to the Markets Policy & Infrastructure Department of MAS on a confidential basis.
- legislation, that include and are not limited to the provision of assistance and information to MAS as stipulated in the provisions of the above legislation.
- If there are any changes in the submitted information prior to the completion of the review of this application, the Monetary Authority of Singapore (the Authority) should be notified immediately.
- MAS
- Financial Sector Development Fund Annual Report
Last revised date:
- GOH CHOK TONG CHAIRMAN MONETARY AUTHORITY OF SINGAPORE 23 JUNE 2009 HENG SWEE KEAT MANAGING DIRECTOR MONETARY AUTHORITY OF SINGAPORE 23 JUNE 2009 2 -------- FINANCIAL SECTOR DEVELOPMENT FUND STATEMENT OF CHANGES IN EQUITY Capital Account $'000 Accumulated Surplus $'000 Total
- AUTHORISATION OF FINANCIAL STATEMENTS The financial statements for the year ended 31 March 2009 were authorised by the Minister-in-Charge for issuance and signed by Chairman and Managing Director of Monetary Authority of Singapore on 23 June 2009. 23
- SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with the provisions of the Monetary Authority of Singapore Act (Chapter 186, 1999 Revised Edition) and the Singapore Financial Reporting Standards (FRS) and on an accrual basis.
- MAS
- Media Releases
Last revised date:
- 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
Last revised date:
- 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
Last revised date:
- 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