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- MAS
- Consultations
Last revised date:
- to MAS 610. 9.2 MAS is aware of such duplications.
- We recommend MAS to align the conversion approach for reporting requirements in the other Notices (e.g. MAS 613, MAS 637, MAS 639A, Quarterly Income & Expenditure).
- MAS seeks comments on the frequency of progress updates to MAS. Question 5. MAS seeks comments on the proposed industry working group.
- MAS
- Speeches
Last revised date:
- MAS, MOF, and Ministry of National Development will continue to keep a close watch over developments in the property market. MAS’ FINANCIAL PERFORMANCE MAS’ profit and loss position in the financial year 2015-16 (FY2015/16) showed a profit of $0.2billion.
- The same duality applies to MAS' approach to the financial sector. In the face of risks to the stability or reputation of the financial sector, MAS is a “no- nonsense” regulator.
- MAS requires FIs to promptly address all deficiencies identified in the course of these inspections. But we can do better. MAS will further sharpen its supervision of AML/CFT controls in the industry.
- MAS
- Consultations
Last revised date:
- MAS Response: 2.3.2 While MAS recognised the usefulness of rating by the rating agencies, there are practical issues in including this.
- MAS Response: 2.2.4 MAS recognises the concern that some insurers may be incentivised to offer the maximum credit period of 90 days.
- MAS Response: 2.8.2 As part of MAS on-going supervision of insurance brokers, MAS reviews the amount of outstanding premiums in the statutory reports submitted by brokers and will take follow up action where necessary.
- MAS
- Consultations
Last revised date:
- Impetus for MAS proposals 2.3. Respondents to the Consultation Paper on Proposed Regulatory Measures for Digital Payment Token Services broadly agreed with MAS observations and supported MAS encouragement of DPT trading platform operators to put in place good practices.
- In addition, MAS reserves the right not to publish any submission received where MAS considers it not in the public interest to do so, such as where the submission appears to be libelous or offensive. 1.4.
- MAS will closely engage with DPTSPs to ensure that the measures are able to be implemented in a timely and practicable manner. Question 8. MAS seeks comments on the implementation of the regulatory measures.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) announced today that it will allow fund managers to hold shares in the Singapore Exchange (SGX) beyond the current 5% limit, but up to a cap of 10% and subject to the approval of MAS.
- MAS allows fund managers more than 5% stake in SGX, subject to 10% cap New prospectus registration regime proposed MAS clarifies SGX's regulatory role Singapore, 16 Feb 2001.
- In addition, MAS clarified the role of the SGX as the frontline regulator and its relationship with the MAS as the statutory regulator. 2 These announcements were made in a speech by Mr Tharman Shanmugaratnam, MAS' Deputy Managing Director, at the fifth annual Investment Fund Awards event this evening
- MAS
- Speeches
Last revised date:
- MAS’ written approval must be obtained for this purpose. III.
- To mitigate these risks, the Monetary Authority of Singapore (MAS) has in place a robust preventive regime that combines stringent admission and licensing requirements, rigorous supervision, and strong enforcement measures. 3 MAS reviews this regime regularly to keep pace with the constantly evolving
- financing; and b. enable MAS to appoint a third party (e.g. an auditor) to inspect an Financial Institution on MAS’ behalf. 12 MAS may currently approve an inspection of a foreign Financial Institution in Singapore by its “home prudential supervisor” to facilitate effective consolidated group supervision
- MAS
- Guidance
Last revised date:
- Senior management 3 See Paragraphs 6.19-6.26 of MAS Notice 626, read in conjunction with paragraphs 6-10-10 and 6-10-11 of the Guidelines to MAS Notice 626. 4 See Paragraph 8 of MAS Notice 626.
- Sets out MAS' recommendations to inspected banks and supervisory expectations of sound practices for effective transaction monitoring. MAS conducted a series of thematic AML/CFT inspections that examined the effectiveness of banks’ transaction monitoring (“TM”) frameworks and processes.
- MAS recommended that Bank L formalise its process in order to enhance the conduct and takeaways from such MONETARY AUTHORITY OF SINGAPORE 16 -------- GUIDANCE FOR EFFECTIVE TRANSACTION MONITORING CONTROLS post-mortem reviews e.g.
- MAS
- Consultations
Last revised date:
- MAS' Response MAS' Response MAS' Response MAS' Response The ratios stated in the Paper are meant to be guidelines for FAs.
- MAS' Response MAS' Response MAS' Response MAS' Response 4 Use of gifts -------- 4.1 Several respondents requested clarification on what would be regarded to be a gift of nominal value.
- FAs may also check against MAS' register of persons against whom a prohibition order has been made under Section 59 of the FAA. -------- MAS' Response MAS' Response MAS' Response 15 Compliance MAS' Response 13.2 Some respondents also requested guidance on how co-operation between institutions
- MAS
- Annual Reports
Last revised date:
- The implementation of the MAS bills programme began in April 2011, with the issuance of 4-week MAS Bills, followed in August 2011 with the issuance of 8-week MAS bills. In July 2012, MAS plans to extend the tenor of its bills by issuing 12-week MAS bills.
- In April 2011, MAS started to issue short-term MAS Bills as part of its money market operations. New tenors of MAS Bills and SGS were also introduced since Q1 2012.
- Expertise and Leadership Development MAS Academy The MAS Academy of fers learning and developmental programmes to address the different needs of MAS officers.
- MAS
- Speeches
Last revised date:
- MAS will be empowered to inspect the operations of approved card issuers for compliance with MAS' rules pertaining to credit card operations. 17 The proposed regime also clarifies that single party merchant credit is exempted from regulation.
- Second Reading Speech by Mr Lim Hng Kiang, Minister for Trade & Industry and Deputy Chairman, Monetary Authority of Singapore 1 Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. 2 Over the past few years, MAS has progressively liberalised the
- (d) The amendments to section 26 will permit MAS to disclose only non-customer information provided by banks to MAS under limited circumstances such as for the purpose of sharing aggregate information at international fora and contributing to research projects.