Showing 5563 Documents for "MAS"
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- All fund managers are listed on the financial institutions directory on the MAS website. 1 A qualified investor is an accredited investor, institutional investor or a fund whose underlying investors are all accredited investors.
- All other fund managers had to apply for a licence and meet prescribed regulatory requirements. 2 In August 2012, MAS decided to discontinue the EFM regime and gave the EFMs a grace period to either apply for a licence, or register as Registered Fund Management Companies (RFMC).
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 Prior to August 2012, fund managers who served 30 or less qualified investors 1 were not required to hold a capital markets services licence for fund management under the Securities and Futures Act.
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS : 1. MAS expects banks to treat customers fairly. When handling cases of suspected scams, the banks must promptly investigate the relevant transactions performed.
- MAS is working with other government agencies to design a fair and effective framework for shared responsibility amongst relevant parties when a scam occurs, and one which incentivises each party to be vigilant against scams. This will complement the processes mentioned earlier. * * *
- MAS
- Parliamentary Replies
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- MAS has collaborated with the industry to initiate a few trials to test the potential applications of such a digital Singapore dollar.
- MAS will continue these collaborations with industry participants. Future phases of work will study ways to improve user experience, as well as ensure security and privacy. * * *
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. A digital Singapore dollar is essentially money that can be digitally programmed to impose conditions under which the money can be spent.
- MAS
- Media Releases
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- MAS's prudential standards for housing finance remain unchanged. The 80% financing limit for property purchases has served as a good prudential measure and will continue to apply.
- MAS will issue a revised Housing Loan Directive shortly and will work with banks and financial institutions to ensure that the revised policy is implemented in an orderly manner. ***
- In addition, the Government has decided that banks and financial institutions regulated by MAS be allowed to provide loans to HDB flat buyers from 1 Jan 2003. The cash downpayment for these loans will initially be 0% for purchases made between 1 Jan 2003 and 31 Dec 2003.
- MAS
- Media Releases
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- MAS Issues Banking (Credit Card and Charge Card) (Amendment) Regulations 2004 Singapore, 15 April 2004...The Monetary Authority of Singapore (MAS) today announced two amendments to the Banking (Credit Card and Charge Card) Regulations issued on 19 January 2004.
- MAS
- Enforcement Actions
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- Singapore, 24 January 2018… The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon.
- He was sentenced to 18 months’ imprisonment on 27 November 2015. 4 The prohibition orders against Mr Tan were issued by MAS pursuant to section 35V of the Insurance Act and section 59 of the Financial Advisers Act and took effect from 24 January 2018. ***** Notes to Editor (A) Section 420 of the
- MAS
- Parliamentary Replies
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- Innovative use of data and technology should also allow digital banks to reach under-served segments of the population. 5 Notwithstanding Singapore’s very high levels of banking access, MAS will continue to explore ways to ensure financial inclusion. ***
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 All major retail banks have committed to deliver affordable basic banking services in line with the Code of Consumer Banking established by the Association of Banks in Singapore (ABS).
- QUESTION NO 872 NOTICE PAPER 542 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 27 July 2021 Name and Constituency of Member of Parliament Mr Murali Pillai, MP, Bukit Batok SMC Question: To ask the Prime Minister whether MAS will require digital full banks to provide basic banking accounts
- MAS
- Media Releases
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- Singapore, 22 November 2019… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly conducted a cyber-themed business continuity exercise to strengthen the financial sector’s resilience to cyber-attacks and operational disruptions.
- We welcome the participation for the first time in Exercise Raffles of the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Hong Kong Monetary Authority (HKMA). 4 Mr Tan Yeow Seng, Chief Cyber Security Officer, MAS, said, “The continually evolving cyber threat landscape
- MAS
- Media Releases
Last revised date:
- Singapore, 24 January 2018… The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon.
- He was sentenced to 18 months’ imprisonment on 27 November 2015. 4 The prohibition orders against Mr Tan were issued by MAS pursuant to section 35V of the Insurance Act and section 59 of the Financial Advisers Act and took effect from 24 January 2018. ***** Notes to Editor (A) Section 420 of the
- MAS
- Media Releases
Last revised date:
- Singapore, 30 March 2007...The Monetary Authority of Singapore (MAS) has launched a third set of coins to commemorate the Urban Redevelopment Authority’s (URA) Identity Plan featuring Rustic Coast.
- The first set of coins issued by MAS was for the Old World Charm cluster while the second was for the Urban Villages cluster.