Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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- Details of the exemptions for disabled persons and the caregivers of the same household will be provided by MAS in due course. ***
- Date: For Parliament Sitting on 7 March 2013 Name and Constituency of MP Ms Lee Li Lian, MP for Punggol East SMC Question: Car loans Answer by Mr Lawrence Wong, Acting Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS
- MAS
- Parliamentary Replies
Last revised date:
- In the current global environment of reduced credit availability, SGX has responded to market feedback and in consultation with MAS, has introduced measures to facilitate additional equity fund raising by listed companies.
- MAS has conducted a review of the regulatory regime for unlisted investment products and has issued a consultation paper on proposals to further safeguard consumers’ interests and promote higher industry standards. * * *
- MAS
- Media Releases
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- Singapore, 17 April 2020… The Monetary Authority of Singapore (MAS) has urged customers of financial institutions (FIs) to minimise visits to their premises during the current circuit breaker period.
- MAS
- FAQs
Last revised date:
- Can an FA firm or licensed insurer adopt more stringent SCC criteria (e.g. spread over 5 years for a 3-year premium payment period) than those set out by MAS? Yes. Q17.
- MAS expects industry participants to retain their independent legal counsel to advise them on how their business operations should be conducted in order to satisfy the legal/regulatory requirements and to advise them on all applicable laws of Singapore. Q1.
- (FAQs) on the Spreading and Capping of Commission (SCC) Rules under the Financial Advisers (Remuneration) (Amendment) Regulations 2017 and the Insurance (Remuneration) (Amendment) Regulations 2017 (Issued on 19 April 2017) Disclaimer: The FAQs are meant to provide guidance to the industry on MAS
- MAS
- Parliamentary Replies
Last revised date:
- MAS expects banks to perform due diligence and assess the track record, reputation and capability of external debt collecting agencies that they intend to engage.
- Under MAS' requirements, credit card issuers are only allowed to issue unsecured credit cards to individuals with an annual income of $30,000 or more. The maximum credit extended is capped at twice the individual's monthly income.
- MAS
- Parliamentary Replies
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- Moneylenders are not required by law to impose minimum income requirements, unlike financial institutions regulated by MAS.
- Financial institutions regulated by MAS can only grant unsecured credit facilities to individuals earning a minimum annual income of $30,000. However, apart from these regulated financial institutions, moneylenders also grant loans.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Since the start of the COVID-19 pandemic, MAS has worked with the financial industry on a comprehensive set of relief measures to support individuals and businesses.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 There is no facility to enable an individual to stop outbound fund transfers from the bank accounts of family members whom they suspect may become victims of scams.
- These are basic measures that can help them stay alert to unauthorised transfers and limit their financial losses in the event of an unauthorised transaction. 5 MAS, together with the Singapore Police Force and the financial industry, will continue to look into measures to help consumers defend themselves
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 MAS has put in place a number of prudential limits on borrowing by individuals and households, so that they do not borrow beyond their means.
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 28 October 2021… The Monetary Authority of Singapore (MAS) has issued six-year prohibition orders (POs) against Mr Koh Kesheng Stedtson, following his convictions in the State Courts for offences involving dishonesty, namely forgery and cheating. 2 Under the POs, which took effect from 27